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Stock futures rise after mixed close. August CPI up 0.4% in line with forecast. Dow +0.06%, S&P 500 +0.13%, Nasdaq 100 +0.20%. Bond yields at 4.05% (10-year) and 3.55% (2-year). Fed expected to cut rates on Sept 17 decision.
U.S. stock futures were up on Thursday, with major benchmark indices increasing. The Consumer Price Index rose by 0.4% in August, with a 2.9% increase over the last 12 months. Initial jobless claims rose to 263,000. The 10-year Treasury bond yielded 4.05% and the two-year bond was at 3.55%. Markets predictors are 100% certain that the Federal Reserve will cut interest rates on Sept. 17. Futures showed changes for various indices: Dow Jones (+0.06%), S&P 500 (+0.13%), Nasdaq 100 (+0.20%), Russell 2000 (-0.21%). The SPY rose 0.15% to $653.20, while the QQQ increased 0.20% to $581.88. In the last session, energy and information technology stocks rose while consumer discretionary, health care, and consumer staples sectors saw losses. The Producer Price Index fell 0.1% in August, with a decrease in wholesale inflation from 3.3% to 2.6%. Oracle Corp. announced a backlog of AI-related orders, boosting AI-linked stocks, while Chewy, Inc. shares fell.