Inflation, stock
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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
Bank earnings, inflation, and new crypto regulation are some of the things on the investors' radar this week.
Nvidia is ripping higher premarket after the U.S. approved export licenses for its H20 chips to China. That’s easing fears of a full-scale chip war and triggering a broad rally in semis. Traders are leaning back into AI names with Nvidia, AMD, and Broadcom leading the charge.
A busy week ahead for investors will see inflation data, the debate about the Fed's next move, and the start of second quarter earnings season all come into focus after a flurry of trade activity last week.
Wall Street opened higher on Wednesday, buoyed by strong earnings from leading banks and a softer-than-expected inflation print. The Dow rose over 130 points as investors drew relief from a flat producer price index reading for June,
Canada's main stock index pulled back on Tuesday from a record high, with heavily weighted financials among the sectors that declined as investors assessed U.S. bank earnings and after domestic inflation data reduced prospects of Bank of Canada interest rate cuts.
Stock futures were little changed on Tuesday evening, with investors awaiting fresh corporate earnings and inflation data. Futures tied to the Dow Jones Industrial Average pulled back 47 points, or 0.1%, while S&P 500 futures dipped 0.1%. Nasdaq 100 futures slipped 0.1%.
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
US Stock market today climbed as Nvidia stock surged on hopes of renewed AI chip sales to China, with support from President Trumps trade policy shift. The S&P 500 gained 0.4% and the Nasdaq rose 0.8%,
U.S. stock futures on Wednesday were pointing lower with more inflation data and bank earnings set to come. Dow futures rose 6 points, or factionally, to 44251. S&P 500 futures dropped 7 points, or 0.