Stocks Flat as Retail Sales Fuel Inflation Fears, While Earnings Beat Estimates Despite Headwinds

Stocks ended Tuesday little changed as Treasury yields rose on stronger-than-expected retail sales, stoking inflation and rate hike concerns.

Retail sales jumped 0.7% in September, suggesting consumer demand may keep pushing prices up. Markets now see 15% chance of a rate hike in two weeks.

Nvidia shares sank on expanded U.S. restrictions on advanced chip sales to China, hampering AI capabilities.

Bank of America and Johnson & Johnson beat profit estimates on loan growth and pharma/medical device sales, though JNJ vaccine revenue dropped.

Goldman Sachs profit fell 33% on real estate impairments and consumer banking losses, though trading revenue increased on volatility.