Stock Market Today: Stocks Close Mixed After Sizzling U.K. Inflation Update
Investors also focused on today's onslaught of earnings reports, including mixed results for streaming giant Netflix.


Stocks spent most of Wednesday in the red, weighed down by dreary U.K. inflation data and mixed earnings from Netflix (NFLX). However, the major indexes came off their lows as the session wore on, with one of the three benchmarks closing in positive territory.
Data from the U.K. today showed that consumer prices were up 10.1% year-over-year in March. While this was a slightly slower pace than February's 10.4% increase, it was higher than economists were expecting. Core inflation, which excludes food and energy prices, was unchanged at 6.2%.
"The heat has been turned down on the bubbling cauldron of prices, but inflation is still scalding and interest rates look set to be pushed up again to try and cool it down rapidly," says Susannah Streeter, head of money and markets at Hargreaves Lansdown. "This insidious drain on wealth, and the worry that it's not temporary given that core inflation, stripping out volatile energy and food prices, remains so sticky means it's more likely that another interest rate rise of 0.25% is on the way from the Bank of England next month."
From just $107.88 $24.99 for Kiplinger Personal Finance
Be a smarter, better informed investor.

Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Meanwhile, on the earnings front, streaming giant Netflix stock fell 3.2% after reporting its first-quarter results. The company disclosed earnings of $2.88 per share on $8.2 billion in revenue, beating on the bottom line, but falling short of top-line estimates. NFLX also added 1.75 million subscribers over the three-month period. What likely disappointed investors, however, was news that Netflix is delaying its password-sharing crackdown in the U.S. to Q2 from Q1. The move will push back a portion of the expected membership and revenue growth to Q3.
Elsewhere, Intuitive Surgical (ISRG) jumped 10.9% after the da Vinci Surgical System maker reported first-quarter earnings of $1.23 per share on $1.7 billion in revenue due in part to a 26% year-over-year jump in procedure growth, easily beating analysts' estimates.
In non-earning news, Meta Platforms (META) slipped 1.0% after a judge in California preliminarily approved a $725 million settlement in a class action lawsuit brought against the Facebook parent over the Cambridge Analytica scandal. The data privacy suit alleges Facebook allowed users' data to be viewed and/or shared by third parties without their consent, most notably the now-defunct British political consulting firm.
As for the major indexes, the Nasdaq Composite eked out a marginal gain at 12,157, while the S&P 500 ended fractionally lower at 4,154 and the Dow Jones Industrial Average slipped 0.2% to 33,897.
Will tech stocks continue to outperform?
Today's outperformance from the Nasdaq just mirrors a wider trend seen this year. "Investors in tech stocks these days are a wildly happy bunch," says Mike Dickson, head of research at Charlotte-based asset management firm Horizon Investments. Looking at the numbers, the Nasdaq is up more than 16% for the year-to-date, easily outpacing the S&P 500's roughly 8% gain and the Dow's 2% return.
But will this momentum continue? Only time will tell, but Dickson believes a main driver of future price action will be the onslaught of tech firms gracing the earnings calendar over the next several weeks. These results will give a snapshot into "expected growth and the likely impact of tighter credit conditions on tech firms," he adds. Investors willing to play the hot hand of the market should continue to focus on high-quality companies, like those found among the best AI stocks or the best semiconductor stocks.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at a local investment research firm. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.
-
Stocks End Strong Month on a Down Note: Stock Market Today
There was likely a bit of profit-taking ahead of a historically weak September.
-
The New Rules for Student Loans
Whether you’re paying off education debt now or planning to borrow in the future, get ready for bigger payments and lower loan limits.
-
If You'd Put $1,000 Into UnitedHealth Group Stock 20 Years Ago, Here's What You'd Have Today
UNH stock was a massive market beater for ages – until it wasn't.
-
Dow Rips 846 Points to New All-Time High: Stock Market Today
Fed Chair Jerome Powell seems ready to cut interest rates in the fall but will still rely on incoming economic data about inflation and employment.
-
S&P 500 Extends Losing Streak Ahead of Powell Speech: Stock Market Today
Stocks continued to struggle ahead of Fed Chair Powell's Friday morning speech at Jackson Hole.
-
Dow Retreats From a Record High: Stock Market Today
Quietly rising since April, Home Depot stock was conspicuously constructive Tuesday as high-profile tech names dragged equity indexes down.
-
What Tariffs Mean for Your Sector Exposure
New, higher and changing tariffs will ripple through the economy and into share prices for many quarters to come.
-
Dow Dives 542 Points on Soft Jobs Data: Stock Market Today
The last day of a busy week ends with the first greater-than-1% move in either direction in more than a month.
-
Stocks Can't Hold Meta, Microsoft Gains: Stock Market Today
The main indexes all opened higher Thursday on impressive Big Tech earnings, but momentum faded into the close.
-
How to Invest for a Fall Interest Rate Cut by the Fed
A lot can happen between now and then, but the probability the Fed cuts interest rates in September is back above 80%.