— at least for now — is outweighing some earnings-driven rallies, including a double-digit gain in semiconductor equipment maker Applied Materials (AMAT), and a slightly better-than-expected core Consumer Price Index (CPI), which excludes food and energy. The S&P 500’s year-to-date gains have been erased on AI anxiety, dragging the Bloomberg Magnificent Seven Index down more than 6% so far this year. The U.S. 10-dyear Treasury is down slightly near 4.07% after the CPI release. Gold rose about 1% as the yellow metal tries to reclaim $5000, while silver is up 3% near $78. Oil headed for its first back-to-back weekly drop of 2025 amid the risk-off tone and following yesterday’s soft global outlook from the IEA.
\#ConsumerPriceIndex #gold #oil
[www.ferventwm.com](https://www.ferventwm.com)