Stock Market Today: Dow, S&P 500, Nasdaq Futures Edge Up Ahead of Inflation Data
After a Fed-fueled sell-off left investors looking like they missed the bus, US stock futures bounced back. Dow futures nudged up 0.2%, S&P 500 futures rose 0.4%, and Nasdaq futures jumped 0.7%. It’s like the market hit snooze and then decided to get moving.
Meta and Microsoft: The Tale of Two Tech Titans
Meta’s shares took a nosedive, falling over 9%, extending a historic losing streak. Meanwhile, Microsoft threw a party as its Azure cloud business topped $100 billion. One’s crying over AI investments, the other is laughing all the way to the cloud bank.
Amazon and Apple in the Earnings Hot Seat
Amazon is up next to explain its cloud spending, while Apple’s results will have everyone eyeing margins closely—especially with memory chip prices doing their own little inflation dance.
Bond Market Throws a Tantrum
The bond market is acting like a toddler denied candy, sending the 30-year Treasury yield to a multidecade high near 5.24%. Investors are clutching their wallets tighter, wondering if this tantrum will last.
Oil Prices Play It Cool, But US-Iran Tensions Heat Up
Oil prices stayed flat for now, but US strikes on Iranian targets overnight could escalate the conflict—and inflation might just join the party uninvited.
Investors Eye Inflation Data Like a Crystal Ball
All eyes are on the Personal Consumption Expenditures index for June. Will inflation calm down or throw another curveball? Traders are ready with popcorn.
Economic Calendar: More Drama Ahead
Continuing claims and second-quarter GDP readings are coming up, promising more twists in this financial soap opera. Stay tuned!