Closing Bell: Rally Takes Hold After Positive Inflation Data

Sep 26

The market ended a three-day losing streak, as inflation data came in-line with expectations, easing immediate pressure on Fed rate outlook.

Technology / Semiconductors

Electronic Arts (EA) jumped ~15 % on reports it is in advanced talks to go private.
Intel (INTC) continued its surge amid renewed speculation over an Apple stake or investment.

Healthcare / Pharma

Eli Lilly (LLY) rose ~1.4 % after President Trump announced a 100 % tariff on branded drug imports not produced in the U.S., triggering optimism for domestic pharma investment.
Broader gains in Merck (MRK), AbbVie (ABBV), and Amgen (AMGN) followed as investors reallocated toward names with domestic production exposure.

Energy & Materials

Paccar (PCAR) climbed ~5.2 % after new tariffs on heavy-duty trucks raised expectations for U.S.-based manufacturers.
Names tied to mining, battery metals, and energy saw renewed interest as the relief rally broadened into cyclicals.

Consumer / Retail

Costco (COST) slid ~2.9 % despite a mixed report—earnings came in, but same-store sales disappointed.
Concentrix (CNXC) dropped sharply (~13 %) after missing Q3 and lowering its forecast.

Industrials / Others

Boeing (BA) gained on reports it secured large aircraft orders and eased concerns over MAX jet safety checks.
AppLovin (APP) rose ~4.7 % on analyst upgrades ahead of a new product launch.

Tech / Semiconductors staged a rebound, helping lead the broader market’s reversal.
Pharma / Healthcare gained sharply due to tariff-related positioning and domestic production incentive themes.
Industrial / Materials names caught a bid on rotation, especially where domestic production or tariff plays are involved.
Consumer / Retail saw selective pain—Costco’s softness and Concentrix’s miss weighed despite broader strength.
Small Caps: The Russell’s outperformance (+1.0 %) showed selling pressure had eased and allowed smaller names to participate in the bounce.

Friday’s rally broke the three-day slide and suggested that inflation prints within expectations can still revive risk appetite.
The relief move was selective—not all sectors fully participated, but tech, pharma, and cyclicals showed renewed strength.
Tariff announcements (especially on Pharma) reshaped flows, benefiting aerospace, materials, and domestic industrials.
Even with the rebound, the week ended in red for all three major indices, reinforcing that underlying volatility remains high.

Monday, Sept 29th:
- Pre-open (ET) - Apple (AAPL), Tesla (TSLA), Alphabet (GOOGL) earnings.
Tuesday, Sept 30th:
- 8:30 AM (ET) - Personal Income/Spending (Aug.)
  Why It Matters - Offers a read on consumer trends.
- 8:30 AM (ET) - PCE, and Core PCE (Aug., monthly)
  Why It Matters - Provides follow-up inflation signals.
- Pre-open (ET) - Microsoft (MSFT) earnings.
Wednesday, Oct 1st:
- 8:15 AM (ET) - ADP Employment (Sept.)
  Why It Matters - Offers private payroll estimates ahead of Friday’s jobs report.
- Pre-open (ET) - Nvidia (NVDA), and AMD (AMD) earnings.
Thursday, Oct 2nd:
- 8:30 AM (ET) - Initial Jobless Claims and Continuing Claims.
  Why It Matters - highlight labor market trends.
- Post-close - Meta (META), and Broadcom (AVGO) earnings.
Friday, Oct 3rd,
- 8:30 AM (ET) - Nonfarm Payrolls and Unemployment Rate (Sept.), and; Average Hourly Earnings (Sept.)
  - Why It Matters - Critical labor market data shaping the Fed outlook.

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