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- The S&P 500 and Nasdaq closed higher on Wednesday, driven by strong quarterly earnings from CoreWeave and various AI infrastructure companies.
- Market gains were further supported by mild inflation data, which strengthened investor expectations that the U.S. Federal Reserve will maintain current interest rates.
- This trend highlights the continued dominance of AI-related growth and the market's sensitivity to macroeconomic indicators regarding monetary policy.
- Investors are now looking toward the Federal Reserve's upcoming decisions in September to see if rates will indeed remain steady.
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Stocks Close Higher on Favorable CPI Report and Positive AI News
• Major indices closed mixed on Wednesday, with the Nasdaq 100 rising +0.74% and the S&P 500 increasing +0.26%, while the Dow Jones Industrial Average dipped -0.04%. • Market gains were driven by a favorable Consumer Price Index (CPI) report and positive developments within the artificial intelligence sector.
Read original · barchart.comReaction roundup: Experts, analysts weigh in on in-line July CPI report By Investing.com
• Analysts are reacting to the July Consumer Price Index (CPI) report, which arrived in line with expectations but showed that inflation outpaced average hourly earnings over the past year. • While lower gas prices aided the CPI in previous months, AAA reports that August daily national averages rose to $4.05 per gallon from $3.96 in July.
Read original · investing.comStock market today: Live updates
• Investors are awaiting the July producer price index (PPI) report, scheduled for release Thursday at 8:30 a.m. ET, to gauge wholesale inflation. • Global markets showed mixed results, with Japan's Nikkei 225 rising 1.16% and South Korea's Kospi jumping 3.6% into a bull market, while China's CSI 300 fell 0.57%.
Read original · cnbc.comMorning Bid: Hot spots sizzle, CPI looms By Reuters
• Markets are closely monitoring the upcoming U.S. Consumer Price Index (CPI) report, which is expected to be a primary driver of investor sentiment and economic outlook. • CoreWeave is seeing a significant surge in revenue driven by the ongoing expansion of AI infrastructure and demand.
Read original · investing.comUK economy grows by 0.4% in second quarter as some businesses helped by World Cup and hot weather – business live | Business
• The UK economy grew by 0.4% in the second quarter, with growth in June offsetting a stagnation in May despite geopolitical tensions involving Iran. • Ofwat has authorized five English water companies to increase household bills to fund £3.4bn in infrastructure spending for datacenters, housing, and chemical removal.
Read original · theguardian.comEuro reverses from two-day high, fade US soft CPI move
• The Euro reversed its upward trend after hitting a two-day high of 1.1563, fading an initial gain sparked by soft US inflation data for July. • The benign US CPI report led markets to reprice expectations for a less "hawkish" Federal Reserve approach extending through 2026.
Read original · fxstreet.comEuropean stocks steady ahead of US inflation data, geopolitical risks in focus
• European stocks remained steady with the STOXX Europe 600 holding near its record 660 level as investors await the release of US July CPI data, currently forecast at 3.4%. • Sector-specific gains were led by defense and energy, with German naval shipbuilder TKMS rising 14.6% amid escalating geopolitical tensions and increased defense spending.
Read original · cryptobriefing.comEuropean shares steadied near all-time highs ahead of U.S. inflation reading By Investing.com
• European equities remained steady near record highs on Wednesday, with the Stoxx Europe 600 Index advancing 0.1% and Germany's DAX rising 0.4%. • Strong corporate earnings helped offset market anxiety regarding escalating Middle East war risks and anticipation of upcoming U.S. inflation data.
Read original · investing.comEuropean stocks ease from record highs as investors weigh earnings, Middle East risks - The Business Times
• The pan-European Stoxx 600 index closed 0.16% lower at 659.48 points, retreating slightly from recent record highs. • Investors are currently balancing corporate earnings reports against escalating geopolitical risks in the Middle East.
Read original · businesstimes.com.sgEuropean stocks rise as on-target U.S. CPI dampens Fed hike expectations By Investing.com
• European stocks rose following the release of U.S. Consumer Price Index (CPI) data that met targets, reducing market expectations for further Federal Reserve interest rate hikes. • Investors are now awaiting Spain's final July CPI figures and the Eurozone's industrial production report to assess regional disinflation and manufacturing trends.
Read original · investing.com'No, thank you': Why Europe's $12.5 trillion bank stash isn't flowing into stocks?- Moneycontrol.com
• European households are holding approximately $12.5 trillion in bank deposits, showing a strong preference for saving over investing in stock markets. • A SUERF report highlights a significant gap in equity participation compared to the US, where directly held equities make up about 25% of financial assets for households and nonprofits.
Read original · moneycontrol.com