S&P 500 Futures Edge Higher as US Inflation Pressure Eases

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

US stock futures are pointing slightly higher this morning as investors weigh softer US inflation against rising global interest rate worries. The US 10-year Treasury yield has eased to about 4.52% after cooler price data, helping reduce pressure on borrowing costs for households and companies. Import prices rose 0.3% in June instead of falling, a reminder that the cost of goods coming into the country is still pushing prices up. With the Federal Reserve expected to keep rates on hold today, the big question is whether rate-sensitive sectors such as housing, banks and real estate can handle both lingering inflation and higher long-term borrowing costs. Among top movers, Global Payments jumped 5.85% after a Morgan Stanley upgrade and higher price target, Alibaba Group Holding gained 4.67% as investors focused on its AI partnerships and new model preview, and Credo Technology Group Holding rose 4.63% following a Barclays price target increase ahead of Q2 earnings. On the losing side, Bloom Energy fell 8.33% as traders reacted to recent weakness and commentary on project delays, Guardant Health declined 5.00% after a recent price target raise failed to support the stock, and Carvana declined 4.75%. US trading is set to be earnings heavy, with major reports spanning tech, autos, housing, financials and transport, including Alphabet on Wednesday, Tesla on Wednesday, AT&T and T-Mobile US on Wednesday and Thursday, D.R. Horton and PulteGroup on Tuesday and Wednesday, and CSX, Norfolk Southern and Union Pacific through Thursday.

Impact on stocks 16

Consumer Discretionary · 4 stocks
Carvana Co
CVNA
▼ Negativerelevance

Declined 4.75% with no specific cause given in the article.

Artificial Intelligence · 3 stocks
Cloud & Digital Infrastructure · 2 stocks
Energy Transition & Power Demand · 1 stocks
Bloom Energy Corp
BE
▼ NegativeDemandrelevance

Traders reacted to recent weakness and commentary on project delays.

Digital Finance & Tokenization · 1 stocks
Biotech & Genomic Medicine · 1 stocks
Guardant Health Inc
GH
▼ Negativerelevance

Declined 5.00% after a recent price target raise failed to support the stock.

Electrification & Mobility · 1 stocks