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PCE Inflation Data Sets High Bar For Warsh's Jackson Hole Speech (Live Coverage)
Investor's Business Daily29d agoneutral
PCE Inflation Data Sets High Bar For Warsh's Jackson Hole Speech (Live Coverage)

The Federal Reserve's primary inflation gauge, the core PCE price index, showed no relief from price pressures ahead of Chairman Kevin Warsh's Friday speech at the annual Jackson Hole monetary policy symposium. Given that three Fed voters dissented from last month's decision to hold the benchmark interest rate steady, Warsh's ability to influence hawkish-leaning colleagues is in question. Unrounded, the core PCE price index rose 0.246%, just missing a rounding-up to 0.3%.

Futures flat as traders brace for inflation data and Nvidia
Proactive29d agoneutral
Futures flat as traders brace for inflation data and Nvidia

Ahead of the bell US stock futures went nowhere on Wednesday morning, which tells you plenty about how much is riding on the next 12 hours. Contracts on the Dow Jones Industrial Average and the S&P 500 sat close to flat, while the tech-heavy Nasdaq 100 slipped 0.2% after Tuesday's...

Nvidia earnings and PCE inflation data take centre stage as oil prices slide: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub29d agoneutral
Nvidia earnings and PCE inflation data take centre stage as oil prices slide: Dow Jones, S&P, Nasdaq, Wall Street Futures

US stock futures were subdued on Wednesday as investors prepared for Nvidia’s closely watched quarterly earnings and fresh inflation data, while signs of diplomatic progress in the Middle East pushed oil prices sharply lower. Sentiment was also shaped by an escalating trade dispute between the US and Canada, with Ottawa announcing retaliatory tariffs on hundreds of American products.

Stocks edge higher as oil drops on fresh Mideast hopes
AFP30d agobearish
Stocks edge higher as oil drops on fresh Mideast hopes

Asian stocks edged higher Wednesday as oil prices extended a decline on receding concerns about another military flare-up between the United States and Iran, while traders were also nervously awaiting Nvidia's earnings and key US inflation data.However, analysts said the simmering US-Canada trade row was causing some uncertainty, while the big event on the agenda this week is Nvidia's second-quarter earnings on Wednesday.

U.S. Stocks Rise as Oil, Inflation Fears Retreat
The Wall Street Journal30d agoneutral
U.S. Stocks Rise as Oil, Inflation Fears Retreat

U.S. stocks rose as another drop in oil prices and tepid economic data quelled inflation concerns. The S&P 500 gained 24.42 points, or 0.32%, to 7677.28 and the tech-heavy Nasdaq Composite added 171.11 points, or 0.66%, to 26151.30. Oil futures fell as traders weighed the relatively modest scale of a new round of U.S. economic sanctions on Iran.

Tesla Is Raising Cybertruck Prices Even as Sales Drop 32%
Barrons.com30d agoneutral
Tesla Is Raising Cybertruck Prices Even as Sales Drop 32%

FEATURE Tesla recently raised prices for two trims of its avant-garde Cybertruck. The move is likely about costs, not demand. The dual-motor all-wheel drive version now starts at about $75,000, up from $70,000, according to Tesla’s website.

Investing.com30d agobullish
Premarket movers: AMD upgraded, Bloom energy surges

Investing.com - U.S. stock futures pointed higher on Tuesday, as investors looked ahead to key inflation data and Nvidia’s quarterly results later this week for fresh clues on the outlook for interest rates and the artificial intelligence trade.

Stock Futures Jump as Markets Shrug Off Iran Sanctions With Focus on Big Tech and Fed
Barrons.com30d agobullish
Stock Futures Jump as Markets Shrug Off Iran Sanctions With Focus on Big Tech and Fed

Stock markets were heading for a positive open as investors positioned themselves ahead of crucial earnings and economic events and shrugged off a raft of U.S. sanctions on Iran. Nasdaq 100 futures were jumping 1% in Tuesday’s premarket after fears about artificial-intelligence spending by big tech companies sparked a selloff the previous session, leading the tech-heavy Nasdaq Composite to finish in the red. In a speech on Monday, Treasury Secretary Scott Bessent said the U.S. was sanctioning more than 60 entities, individuals, and vessels tied to the Iranian regime, but didn't outline any specific steps against individual countries such as China, a major buyer of oil from the Middle Eastern Country.

S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
Reuters Videos31d agoneutralVIDEO
S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves

<body><p>STORY: Wall Street's main indexes ended mixed on Monday, with the Dow adding about a quarter of a percent, the S&P 500 shedding roughly the same amount, and the Nasdaq sliding around three-quarters of a percent.</p><p>Investors braced for a busy week that includes Fed Chair Kevin Warsh's debut speech at the central bank's annual Jackson Hole symposium.</p><p>Rob Haworth is senior investment strategy director at U.S. Bank Asset Management Group.</p><p>"We've got a big week ahead of us with Nvidia earnings on Wednesday, personal income and PCE [Personal Consumption Expenditures] also on Wednesday. So that'll be key. And then none of us are really sure what Chair Warsh is going to say on Friday morning. It probably isn't a lot about the future of monetary policy, but we are all interested in, what is the reaction function going to be? And we're maybe hopeful that he'll say something. But I think this is a market that's kind of waiting for some direction, and there's maybe a little nerves ahead of all that.”</p><p>:: Archive</p><p>Meanwhile, the Trump administration announced a possible expansion of sanctions on countries doing business with Iran as part of what it billed as an "economic D-Day," but stopped short of actually imposing penalties.</p><p>Chip stocks sold off, with Nvidia dropping 3%, Micron Technology falling nearly 6% and Broadcom sliding about 2.5%.</p><p>Separately, President Trump warned that tariffs on cars, trucks and automotive parts from Canada would be increased to 50% starting January 1 after trade talks collapsed over the weekend.</p><p>Shares of Ford and General Motors fell, while trucking company J.B. Hunt Transport tumbled nearly 6%.</p></body>