S&P 500 Futures Edge Higher as Elevated Yields and Consumer Credit Data Weigh

Macro
โดย Simply Wall St·Read original
Summary · why it matters

US stock futures are pointing slightly higher this morning, with S&P 500 contracts up about 0.2%, as investors weigh stubbornly high bond yields and softer signs from consumer borrowing. The US 10-year Treasury yield is holding near 4.6%, keeping talk of at least one more Federal Reserve rate hike alive, while US consumer credit in May slipped by about US$0.2 billion, hinting that households may be pulling back on new debt. Among top movers, Lumentum Holdings jumped 11.13% after CEO commentary highlighted business trends, Hewlett Packard Enterprise climbed 9.94% on plans to expand AI infrastructure, and Cerebras Systems gained 9.25% following announcements of expanded manufacturing and European AI data center capacity. On the downside, Costco Wholesale fell 4.21% after June sales details, Cincinnati Financial declined 3.38% following an analyst downgrade, and Alnylam Pharmaceuticals dropped 3.31%. Investors are also watching for Delta Air Lines' second-quarter results, the US June Monthly Budget Statement, India's June inflation rate, and Brazil's July business confidence reading.

Impact on stocks 7

Artificial Intelligence · 3 stocks
Lumentum Holdings Inc
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▲ PositiveDemandrelevance

CEO commentary highlighted positive business trends, driving stock up 11.13%.

Financials · 1 stocks
Consumer Staples · 1 stocks
Biotech & Genomic Medicine · 1 stocks
Industrials · 1 stocks