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How the Nasdaq reacted to core PCE, 22 Jan 2026

Core Personal Consumption Expenditures (Core PCE) · Thursday 22 Jan 2026, 08:30 ET · Bureau of Economic Analysis

In the thirty minutes after core PCE on 22 Jan 2026, the Nasdaq 100 swung 0.24% from its high to its low, smaller than the typical 0.40% across all 37 core PCE releases measured here (the 29th largest). It ended the half hour up 0.13% from the release price. By the 16:00 ET close it was down 0.16%, on the same side as the first five minutes.

What printed

+0.2%
printed
+0.2%
forecast
in line
against the forecast

The headline figure as it read on the day; for price indexes the seasonally adjusted change from the prior month. The gap to the forecast is in percentage points (pp) where both are percentages.

Minute by minute

afterNasdaq 100S&P 500usual distance
1 minute0.00%-0.01%0.08%
5 minutes-0.03%-0.02%0.11%
15 minutes-0.05%-0.03%0.17%
30 minutes+0.13%+0.10%0.19%
1 hour+0.10%+0.07%0.19%
2 hours-0.43%-0.14%0.47%
Swing, first 30 min0.24%0.17%0.40%

Signed moves from the release price, in percent. Usual distance is the median size of the Nasdaq move at that mark across all 37 core PCE releases, without its sign; the swing row compares like with like.

The first hour

+0.13%-0.13%
-15 minrelease+30 min+60 min

The Nasdaq 100 index CFD, one-minute bars, as percent from the last price before the release. Above the centre line is up.

The rest of the day

The first five minutes went down 0.03%. At the 16:00 ET close the Nasdaq 100 was down 0.16% from the release price, so by the measure on the core PCE page this release was a trend: the close was on the same side of the release price as the 5-minute mark. That compares two moments, not the path between them.

← core PCE, 23 Dec 2025 · core PCE, 20 Feb 2026 →
All 37 core PCE releases, the averages and the method →

A record of what happened, not a forecast. Measured on Nasdaq 100 and S&P 500 index CFDs, one-minute bars; see the methodology.

Releases: Core Personal Consumption Expenditures (Core PCE) Consumer Price Index (CPI) Durable Goods Orders Fed Rate Decision (FOMC) Gross Domestic Product (GDP) Housing Starts and Building Permits Import and Export Prices Job Openings and Labor Turnover (JOLTS) New Home Sales Nonfarm Payrolls (NFP) Producer Price Index (PPI) Productivity and Unit Labor Costs Retail Sales Trade Balance (International Trade)