Markets.News
U.S. stock futures were up following a mixed close, with major benchmark indices higher. In August, the Consumer Price Index rose by 0.4% on a seasonally adjusted basis, while over the last year, it increased by 2.9%. Initial jobless claims rose to 263,000. The 10-year Treasury bond yielded 4.05%, and the two-year bond was at 3.55%. The market projects a 100% likelihood of the Federal Reserve cutting interest rates. Futures for Dow Jones rose by 0.06%, S&P 500 by 0.13%, Nasdaq 100 by 0.20%, and Russell 2000 fell by 0.21%. ETFs like SPDR S&P 500 Trust and Invesco QQQ Trust ETF rose in premarket trading. Sectors that gained on Wednesday were energy and information technology, while others like consumer discretionary and health care recorded losses. The S&P 500 reached new highs, but the Dow Jones fell over 200 points. AI-linked stocks rallied amidst investor optimism.