US open: Stocks sharply higher as post-CPI rally picks up steam
By Iain Gilbert
Date: Wednesday 13 Aug 2025
(Sharecast News) - Major indices were in the green early on Wednesday, with the S&P 500 and Nasdaq Composite building on yesterday's tamer-than-expected consumer price index-fuelled record close.
As of 1525 BST, the Dow Jones Industrial Average was up 0.81% at 44,819.48, while the S&P 500 advanced 0.31% to 6,465.42 and the Nasdaq Composite came out of the gate 0.29% firmer at 21,745.60.
The Dow opened 360.87 points higher on Wednesday, extending solid gains recorded in the previous session.
Yesterday's CPI reading was still in focus early on Wednesday after the report suggested that while underlying pressures remained, particularly in shelter and services, the broader inflation picture may be stabilising. July's CPI reading comes ahead of the Federal Open Market Committee's September policy meeting, with investors betting that it increases the likelihood that the central bank will cut interest rates at said meeting.
On Wednesday's macro slate, US mortgage applications were up by double digits in the week ended 8 August, according to the Mortgage Bankers Association of America. Mortgage applications surged 10.9% week-on-week, building on the prior week's unrevised 3.1% increase and marking the sharpest increase in mortgage demand in the last two months. Applications to refinance a mortgage, which are more sensitive to short-term changes in interest rates, shot up 23% week-on-week, while applications to purchase a home rose just 1.4%.
Market participants will also likely be tuned into speeches from Chicago Federal Reserve president Austan Goolsbee and Atlanta Fed head Raphael Bostic at 1800 BST, with traders hoping to gain further insight into the central bankers' thinking following yesterday's CPI reading and ahead of Thursday's producer price index report.
No major corporate earnings were slated for release on Wednesday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Dow Chemical Co. (DOW) $22.59 4.05%
Unitedhealth Group Inc. (UNH) $271.48 3.79%
Intel Corp. (INTC) $21.58 3.44%
Nike Inc. (NKE) $77.41 3.36%
International Business Machines Corporation (CDI) (IBM) $240.39 2.39%
Merck & Co. Inc. (MRK) $82.11 2.25%
Visa Inc. (V) $342.73 1.78%
Walt Disney Co. (DIS) $115.67 1.71%
Apple Inc. (AAPL) $231.97 1.65%
Home Depot Inc. (HD) $402.07 1.53%
Dow Jones - Fallers
Walmart Inc. (WMT) $102.32 -1.25%
Coca-Cola Co. (KO) $70.61 -0.14%
Walgreens Boots Alliance, Inc. (WBA) $11.88 -0.06%
Dowdupont Inc. (DWDP) $0.00 0.00%
Goldman Sachs Group Inc. (GS) $744.41 0.14%
JP Morgan Chase & Co. (JPM) $293.38 0.18%
Caterpillar Inc. (CAT) $414.55 0.45%
Cisco Systems Inc. (CSCO) $71.19 0.49%
Verizon Communications Inc. (VZ) $43.49 0.55%
Salesforce.Com Inc. (CRM) $232.98 0.57%
S&P 500 - Risers
Advanced Micro Devices Inc. (AMD) $185.34 7.09%
Align Technology Inc. (ALGN) $145.02 7.09%
American Airlines Group (AAL) $12.97 6.79%
DENTSPLY Sirona Inc. (XRAY) $13.45 6.62%
Nektar Therapeutics (NKTR) $24.29 6.61%
Hanesbrands Inc. (HBI) $6.58 6.47%
VF Corp. (VFC) $12.92 5.81%
Expedia Group Inc. (EXPE) $206.16 5.73%
LKQ Corporation (LKQ) $30.93 4.88%
Celanese Corp. (CE) $43.16 4.70%
S&P 500 - Fallers
H&R Block Inc. (HRB) $47.47 -7.82%
Kroger Co. (KR) $70.45 -4.21%
CME Group Inc. (CME) $273.70 -3.93%
FedEx Corp. (FDX) $225.22 -2.26%
General Electric Co. (GE) $273.42 -2.22%
Fluor Corp. (FLR) $42.56 -2.07%
Dollar General Corp (DG) $112.83 -2.05%
Nasdaq Inc (NDAQ) $95.29 -2.02%
Paychex Inc. (PAYX) $135.76 -1.86%
Quanta Services Inc. (PWR) $384.66 -1.76%
Nasdaq 100 - Risers
Align Technology Inc. (ALGN) $145.02 7.09%
American Airlines Group (AAL) $12.97 6.79%
DENTSPLY Sirona Inc. (XRAY) $13.45 6.62%
Expedia Group Inc. (EXPE) $206.16 5.73%
Baidu Inc. (BIDU) $90.80 4.66%
Microchip Technology Inc. (MCHP) $65.46 4.41%
Analog Devices Inc. (ADI) $235.74 4.14%
Lam Research Corp. (LRCX) $106.67 4.09%
Incyte Corp. (INCY) $83.68 3.79%
Biogen Inc (BIIB) $133.37 3.69%
Nasdaq 100 - Fallers
Qvc Group Inc Series A (QVCGA) $4.11 -10.27%
Paychex Inc. (PAYX) $135.76 -1.86%
Verisk Analytics Inc. (VRSK) $261.10 -1.65%
Starbucks Corp. (SBUX) $92.95 -1.24%
Costco Wholesale Corp. (COST) $975.49 -1.07%
Autodesk Inc. (ADSK) $281.87 -0.87%
Dollar Tree Inc (DLTR) $113.44 -0.87%
Alphabet Inc. Class A (GOOGL) $202.87 -0.55%
Gilead Sciences Inc. (GILD) $120.77 -0.52%
Alphabet Inc. Class C (GOOG) $203.83 -0.38%
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