The stock market opens with a strong upward impulse driven by the US CPI report. This is the second positive report in a row this week, following yesterday's lower-than-expected PPI inflation readings. As a result, investors quickly forgot about Monday’s panic sell-off and are returning to buying.
The cash session opens with gains, with the small-cap index US2000 leading the way (+2.20%). This is mainly because last week, it was the hardest-hit index among the major indices on Wall Street. The US500 is up 1.50%, consolidating below 6,000 points, while the US100 gains 1.75%, reaching 21,350 points. Following the CPI report release, the US dollar and US Treasury yields have significantly declined. At the time of publication, the USD index (USDIDX) is down for the second day in a row, dropping by 0.40%. Meanwhile, 10-year Treasury yields have fallen to 4.66% from around 4.80% just yesterday. Investors are once again expecting the first rate cut in the first half of this year. Previously, the first Fed cut was priced in for September/October 2025. Now, the first cut is expected as early as June, with a second cut (50% probability) anticipated in the last quarter.
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Create account Try a demo Download mobile app Download mobile appWe are observing a broad rebound in the stock market across all sectors, signaling a healthy and strong recovery.
US2000 (D1 interval)
The small-cap index gains 2.20% today, reaching 2,290 points, and is the top performer among the major US equity indices. However, in the long term, the US2000 has significantly underperformed compared to the US500. Over the past two years, the US2000 index is currently 25% lower than the US500. From a technical analysis perspective, the key level for bulls remains the area above 2,300 points.
Source: xStation 5
Company News
Rigetti Computing (RGTI.US) gains 23%, leading a rebound in quantum computing stocks after recent declines sparked by Nvidia's CEO comments on quantum computing timelines. Supported by B. Riley Securities' Buy rating and raised price target of $8.50, Rigetti is seen as benefiting from technical advancements and growing commercial adoption despite challenges in scalability and profitability. However, CEO Subodh Kulkarni urged caution amid recent surges in quantum computing stock prices, emphasizing the sector's need to focus on technology development before sales growth. D-Wave Quantum (NYSE:QBTS): also surged 17%.
Citigroup (C.US): Shares rose 6% after better-than-expected Q4 results, a $20B stock buyback program, and optimistic FY2025 guidance. CEO Jane Fraser emphasized improving returns, with a RoTCE target of 10%-11% for 2026 as the bank focuses on long-term shareholder profitability.

Wells Fargo (WFC.US) also gains 6.30% on mixed Q4 results and a positive outlook for FY2025. The bank projects a 1%-3% increase in net interest income and a reduction in non-interest expenses, signaling operational efficiency improvements.
Goldman Sachs (GS.US) similarly opens 6.20% higher after strong Q4 results, driven by a 75% Y/Y rise in net interest income, recovering investment banking fees, and steady asset and wealth management growth. Revenues from Global Banking & Markets and Platform Solutions also contributed to the positive performance.
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