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Rose with other US benchmarks as a US-Iran peace framework to reopen the Strait of Hormuz pushed crude oil prices lower.

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Update: S&P 500 Rises to Record as Producer Inflation Cools
US Markets

Update: S&P 500 Rises to Record as Producer Inflation Cools

(Updates with market moves after the close.)The S&P 500 rose to a record on Thursday as traders digested another tame inflation report.The index gained 0.7% to settle at 7,798.99 after reaching an all-time intraday high of 7,816.7. The Nasdaq Composite climbed 0.8% to 26,803.03, and the Dow Jones Industrial Average edged up 0.1% to 53,839.99.Most sectors ended higher, led by communication services, while materials posted the steepest drop.US producer prices held steady in July, defying expectations for a monthly rise, as energy costs continued to decline, Bureau of Labor Statistics data showed. The report follows Wednesday's benign consumer inflation numbers that further lowered bets for a Federal Reserve interest-rate increase next month."While prices are still rising and inflation remains well above the (Federal Open Market) Committee's 2% target, the slightly slower pace of increase underscores hope earlier pressures from a global energy shock are already easing," Stifel said in a report. "This won't necessarily remove, but it does potentially mitigate, the sense of urgency for the Fed to firm its policy stance, at least in the nearer term, particularly in the aftermath of a weaker-than-expected July employment report."As of Thursday, markets are pricing in a 65% probability that the Fed will keep its benchmark rate steady next month, compared with 59% on Wednesday, according to the CME FedWatch tool. The odds that the US central bank will lift rates by 25 basis points fell to 35% from 41%.Richmond Fed President Tom Barkin offered contrasting views on the inflation outlook on Thursday, saying it's unclear whether the central bank should boost rates to guide inflation back to its 2% target.US Treasury yields were lower, with the 10-year yield down 4.3 basis points at 4.65% and the two-year yield falling five basis points to 4.15%.West Texas Intermediate crude dropped 2.4% to $81.27 a barrel in late-afternoon trading, while Brent shed 2.2% to $87.02.In a social media post on Wednesday, President Donald Trump said the US has "total control" over the Strait of Hormuz.Iranian officials reportedly said earlier in the week that Hormuz, a key chokepoint for crude flows, will remain closed as long as the US does not accept Tehran's conditions, including a permanent end to the conflict and compensation for war damages.In company news, Sandisk (SNDK) shares jumped 14%, the second-largest gain on the S&P, after the semiconductor company said it expects revenue to grow at a mid-to-high-teens rate from fiscal 2028 through fiscal 2030.Workday (WDAY) shares surged 18%, the top gainer on the S&P. The company is in talks to be acquired by private equity firm Silver Lake, Reuters reported, citing people familiar with the matter.Cisco Systems (CSCO) shares slumped 8.4%, the biggest drop on the Dow, a day after the networking equipment maker reported a decline in adjusted gross margin.Tapestry (TPR) shares tumbled 16%, the steepest fall on the S&P. The company provided a full-year outlook below Wall Street's estimates at the midpoint.Spot gold fell 1.4% to $4,348.92 per troy ounce, while silver lost 1.8% to $64.54 per ounce.

Dow JonesNasdaq CompositeS&P 500$CSCO$SNDK$TPR$WDAY
Japan

US Equity Markets End Higher Amid Weak Producer Inflation Print, Drop in Crude Oil Prices

US equity indexes ended higher Thursday after a weak producer price inflation report and a drop in crude oil prices.* The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey.* US commercial crude oil inventories increased by a staggering 17.4 million barrels in the week ended Aug. 7, the Energy Information Administration said in its weekly report on Wednesday.* September West Texas Intermediate crude oil fell $1.99 to settle at $81.28 per barrel, while October Brent crude, the global benchmark, was last seen down $1.93 at $87.05 after the International Energy Agency projected global demand to contract by 1.6 million barrels per day this year.* Workday (WDAY) is in talks to be acquired by private equity firm Silver Lake, Reuters reported Thursday. Shares of the company were up roughly 18%, the top gainer on the S&P 500 and Nasdaq.* Tapestry (TPR) shares were down nearly 16%, the worst performer on the S&P 500, after the company issued a full-year outlook below analyst estimates at the midpoint on Thursday, after reporting stronger-than-expected fiscal Q4 earnings.

Dow JonesNasdaq CompositeS&P 500$TPR$WDAY
Japan

Update: S&P 500 Scales New Peak as Weak Wholesale Inflation Report Lifts Odds of Fed's Policy-Pause Extension

(Updates with index/price moves from the first paragraph.)US equity indexes rose, with the S&P 500 hitting a new high, after a soft producer price inflation report increased the probability of a sixth consecutive monetary policy pause in September, and crude oil prices slumped.The Nasdaq Composite rose 0.9% to 26,838.1, and the S&P 500 climbed 0.7% to 7,803.9 ahead of Thursday's close. The Dow Jones Industrial Average edged up 0.1% to 53,844.5, clawing out of intraday declines. The S&P 500 hit 7,816.70, its highest intraday level ever.Communication services, real estate and technology topped the gainers, while materials led decliners.The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey. Energy prices fell by 3.1% in the month amid a 9.8% slide in natural gas liquids, a 6.7% slump in diesel fuel, and a 5.7% drop in gasoline prices. Excluding food and energy, core PPI climbed 0.2%, still below the 0.3% gain anticipated and a 0.4% increase in June.Annually, PPI was up 4.7% in July, and core PPI increased by 4.2%, both slowing from June.The probability of the Federal Reserve extending its policy pause to September jumped to 65% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.Among companies with market capitalizations exceeding $200 billion each, eight of the top 10 by returns were in the technology sector after midday Thursday, according to data compiled by Finviz. Sandisk (SNDK), the leader of this pack with a 14% surge in the final leg of trading, said it expects revenue growth in the mid-to-high-teens over fiscal 2028 through fiscal 2030.Meanwhile, the front-month US West Texas Intermediate crude oil contract dropped 2.5% to $81.23 per barrel, and global benchmark North Sea Brent declined 2.2% to $87.06 per barrel as traders weighed a downbeat demand-supply dynamic and a continuing stalemate in the Iran war.

Dow JonesNasdaq CompositeS&P 500$SNDK
Asia Markets

Update: US Equity Indexes Mixed as Soft Wholesale Inflation Boosts Odds for Continuing Fed Policy Pause

(Updates with index/price moves and macroeconomic data from the first paragraph.)US equity indexes traded mixed after a weak producer price inflation print lifted bets for a sixth straight monetary policy pause, while declining crude oil prices reflected demand pessimism.The Nasdaq Composite rose 0.8% to 26,800.4, and the S&P 500 climbed 0.6% to 7,795.6 after midday Thursday. The Dow Jones Industrial Average fell by less than 0.1% to 53,761.2 as a sharp sell-off in Cisco (CSCO) weighed on the equal-weighted index. Real estate, technology and communication services topped the gainers, while materials led decliners.Cisco slumped 8.5%, one of the worst performers in the Dow, the S&P 500 and the Nasdaq. The tech giant reported flat fiscal Q4 services revenue at $3.79 billion, missing the FactSet-polled consensus of $3.81 billion. On a non-GAAP basis, product gross margin fell to 64.8% from 67.5% a year ago, weighing on total gross margin.The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey, amid sliding energy and food prices. Energy prices fell by 3.1% in the month, with a 9.8% slide in natural gas liquids, a 6.7% slump in diesel fuel, and a 5.7% drop in gasoline prices. Excluding food and energy, core PPI climbed 0.2%, below the 0.3% gain anticipated and a 0.4% increase in June.Annually, PPI was up 4.7% in July, and core PPI increased by 4.2%, both slowing from June.The probability of the Federal Reserve extending its policy pause to September jumped to 66% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.US Treasury yields fell, with the 10-year yield down 4.7 basis points to 4.65% and the two-year lower by 4.8 basis points to 4.15%.Among companies with market capitalizations exceeding $200 billion each, nine of the top 10 by returns were in the technology sector after midday Thursday, according to data compiled by Finviz. Of those nine firms, seven were related to the semiconductor industry. Sandisk (SNDK) was the leader of the pack, up 16%. Sandisk said it expects revenue growth in the mid-to-high-teens from fiscal 2028 through fiscal 2030.The front-month US West Texas Intermediate crude oil contract dropped 1.6% to $81.97 per barrel, and global benchmark North Sea Brent declined 1.4% to $87.76 per barrel as traders weighed a downbeat demand-supply dynamic and a continuing stalemate in the Iran war.US commercial crude oil inventories increased by a staggering 17.4 million barrels in the week ended Aug. 7, the Energy Information Administration said in its weekly report on Wednesday. On the same day, the International Energy Agency projected global demand to contract by 1.6 million barrels per day this year, steeper than the 1 million b/d drop seen last month.The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said Thursday, a day after US President Donald Trump said the US had "total control" of the waterway, Reuters reported.Gold futures slid 0.9% to $4,428.7, and silver futures fell 0.9% to $65.10.

Dow JonesNasdaq CompositeS&P 500$CSCO$SNDK
Update: Equity Markets Mostly Higher Intraday Following Wholesale Inflation Report
US Markets

Update: Equity Markets Mostly Higher Intraday Following Wholesale Inflation Report

(Updates with latest market prices and developments.)US benchmark equity indexes were mostly higher intraday following another benign inflation report.The Nasdaq Composite was up 0.8% at 26,796.98 after midday Thursday, while the S&P 500 rose 0.6% to 7,795.4. The Dow Jones Industrial Average was little changed at 53,748.2. Among sectors, technology paced the gainers, while materials led the laggards.US producer prices held steady in July, defying expectations for a monthly rise, as energy costs continued to decline, Bureau of Labor Statistics data showed. The report follows Wednesday's tame consumer inflation numbers that further lowered bets for a Federal Reserve interest rate hike next month."While prices are still rising and inflation remains well above the (Federal Open Market) Committee's 2% target, the slightly slower pace of increase underscores hope earlier pressures from a global energy shock are already easing," Stifel said in a report e-mailed to. "This won't necessarily remove, but it does potentially mitigate, the sense of urgency for the Fed to firm its policy stance, at least in the nearer term, particularly in the aftermath of a weaker-than-expected July employment report."As of Thursday, markets are pricing in a 66% probability that the Fed will keep its benchmark rate steady next month, compared with 59% on Wednesday, according to the CME FedWatch tool. The odds that the US central bank will hike by 25 basis points fell to 34% from 41%.Richmond Fed President Tom Barkin offered contrasting views on the inflation outlook on Thursday, saying its unclear whether the central bank should hike interest rates to guide inflation back to its 2% target.US Treasury yields were lower intraday, with the 10-year yield down 4.5 basis points at 4.65% and the two-year yield falling five basis points to 4.15%.West Texas Intermediate crude oil declined 1.6% to $81.91 a barrel intraday, while Brent shed 1.5% to $87.69.In a social media post on Wednesday, President Donald Trump said the US has "total control" over the Strait of Hormuz.Iranian officials reportedly said earlier in the week that the Strait of Hormuz, a key chokepoint for crude flows, will remain closed as long as the US does not accept Tehran's conditions, including a permanent end to the conflict and compensation for war damages.In company news, Sandisk (SNDK) shares jumped 16% intraday, the best performer on the S&P 500, after the semiconductor company said it expects revenue to grow at a mid-to-high-teens rate from fiscal 2028 through fiscal 2030.Cisco Systems (CSCO) slumped 8.6%, the worst performer on the Dow and the second-biggest decline on the S&P 500. Late Wednesday, the networking equipment maker reported better-than-expected fiscal fourth-quarter results. However, adjusted gross margin declined on a yearly basis.Tapestry (TPR) slid 15%, the steepest drop on the S&P 500. The company provided a full-year outlook below Wall Street's estimates at the midpoint.Applied Materials (AMAT) is scheduled to release its quarterly results after the markets close on Thursday.Spot gold fell 0.9% to $4,366.85 per troy ounce, while silver lost 1.2% to $64.94 per ounce.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO$SNDK$TPR
Asia Markets

Exchange-Traded Funds Higher, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1.2%.US equity indexes were mixed after a soft producer price inflation print boosted the odds of a monetary policy pause for a sixth consecutive time, while crude oil prices declined.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell about 0.3%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.1%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) also advanced.The State Street SPDR S&P Semiconductor (XSD) dipped 0.2%, and iShares Semiconductor (SOXX) rose 2.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) eased fractionally. Direxion Daily Financial Bull 3X Shares (FAS) rose 0.1%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), added 0.1%.CommoditiesCrude oil dipped 1.6%, and the United States Oil Fund (USO) fell 1.2%. Natural gas lost 1.3%, and the United States Natural Gas Fund (UNG) fell 1.7%.Gold on Comex eased 0.8%, and the State Street SPDR Gold Shares (GLD) was down 1.2%. Silver lost 1.1%, and iShares Silver Trust (SLV) fell 1%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 1%. The Vanguard Consumer Staples ETF (VDC) rose 0.7%, and iShares Dow Jones US Consumer Goods (IYK) added 0.8%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was up 0.3%. VanEck Retail ETF (RTH) lost 0.6%, and the State Street SPDR S&P Retail (XRT) rose 0.3%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) gained 0.1%. iShares US Healthcare (IYH) and Vanguard Health Care ETF (VHT) were little changed. IShares Biotechnology ETF (IBB) fell 0.2%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) shed 0.2%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also slightly lower.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 0.4%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 0.6%, ProShares Ether ETF (EETH) was up 0.4%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) dipped 0.1%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Mixed as Soft Wholesale Inflation Helps Lift Bets for Fed Policy Pause

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed after a soft producer price inflation print boosted the odds of a monetary policy pause for the sixth consecutive time, while crude oil prices declined.The Nasdaq Composite rose 0.6% to 26,736.2, and the S&P 500 climbed 0.4% to 7,781.4 after midday Thursday. The Dow Jones Industrial Average fell 0.1% to 53,697.7 as a sharp sell-off in Cisco (CSCO) weighed on the equal-weighted index.Real estate and technology topped gainers, while industrials and materials led decliners.Cisco slumped 8.3%, one of the worst performers in the Dow, the S&P 500 and the Nasdaq. The tech giant reported flat fiscal Q4 services revenue at $3.79 billion, missing the FactSet-polled consensus of $3.81 billion. On a non-GAAP basis, product gross margin fell to 64.8% from 67.5% a year ago, weighing on total gross margin.The Producer Price Index held steady in July, following a 0.1% decrease in June, versus the 0.2% gain expected in a Bloomberg-compiled survey, amid sliding energy and food prices. Excluding food and energy, core PPI climbed 0.2%, below the 0.3% gain anticipated and a 0.4% increase in June.The probability of the Federal Reserve extending its policy pause to September jumped to 66% on Thursday, from 59% a day ago and 45% a week earlier, according to the CME FedWatch tool.US Treasury yields fell, with the 10-year yield down 4.9 basis points to 4.64% and the two-year lower by 5.4 basis points to 4.15%.The front-month US West Texas Intermediate crude oil contract dropped 1.4% to $82.15 per barrel, and global benchmark North Sea Brent declined 1.2% to $87.95 per barrel.The Strait of Hormuz is "under Iran's control and management," the recently appointed head of Iran's Basij paramilitary unit said Thursday, a day after US President Donald Trump said the US had "total control" of the waterway, Reuters reported.

Dow JonesNasdaq CompositeS&P 500$CSCO
Commodities

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday Amid Producer Inflation Data Release

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.2%, and the actively traded Invesco QQQ Trust (QQQ) was 0.1% higher in Thursday's premarket activity amid softer-than-expected July producer prices.US stock futures were also higher, with S&P 500 Index futures up 0.2%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 0.1% before the start of regular trading.In premarket activity, bitcoin was up by 0.1%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.1% higher, Ether ETF (EETH) retreated 0.04%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was 0.2% lower.The US Producer Price Index held steady in July following a 0.1% decrease in June, compared with the 0.2% gain expected in a survey compiled by Bloomberg as of 7:30 am ET.US initial jobless claims rose to a level of 209,000 in the week ended Aug. 8 from an upwardly revised 200,000 level in the previous week, compared with expectations for a smaller increase to 202,000 in a survey of analysts compiled by Bloomberg.The weekly natural gas stocks data will be released at 10:30 am ET.Federal Reserve Cleveland President Beth Hammack, Richmond Fed President Thomas Barkin, and Atlanta Fed President Cheryl Venable speak on Thursday.Power Play:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.1%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was 0.1% lower. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) was 0.7% higher.Birkenstock (BIRK) shares were up more than 11% pre-bell after the company reported higher fiscal Q3 adjusted earnings and revenue.Winners and Losers:IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) retreated 0.1%, while the Vanguard Industrials Index Fund (VIS) was up 0.4% and the iShares US Industrials ETF (IYJ) was inactive.Intuitive Machines (LUNR) stock was down more than 9% before the opening bell after the company reported a wider Q2 loss.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) retreated 0.1%, the iShares US Technology ETF (IYW) was 0.03% higher, and the iShares Expanded Tech Sector ETF (IGM) was down 0.02%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was flat, while the iShares Semiconductor ETF (SOXX) fell by 0.5%.Cisco Systems (CSCO) shares were down more than 6% in premarket activity even after the company reported higher-than-expected fiscal Q4 results and guidance for fiscal Q1 and 2027.EnergyThe iShares US Energy ETF (IYE) was down 0.02% while the State Street Energy Select Sector SPDR ETF (XLE) was 0.3% lower.Golar LNG (GLNG) stock was up nearly 3% before market open after the company posted higher Q2 net income and operating revenue.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 1.3%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 1% lower.Mitsubishi UFJ Financial Group (MUFG) shares were up 2% in early-hours activity after the company said it is launching a proof-of-concept collaboration to bring Japanese government bond repurchase transactions on-chain through Canton Network.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.4%, the Vanguard Health Care Index Fund (VHT) was up 0.7%, while the iShares US Healthcare ETF (IYH) gained 0.5%. The iShares Biotechnology ETF (IBB) was 0.6% higher.AbCellera Biologics (ABCL) stock was down more than 1% premarket after the company priced a public offering of shares and pre-funded warrants for expected gross proceeds of about $200 million, the company said Thursday.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 2.1% to $81.54 per barrel on the New York Mercantile Exchange. Natural gas was 0.8% lower at $2.78 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 1.8%, while the United States Natural Gas Fund (UNG) was 0.1% lower.Gold futures for November were down by 0.5% at $4,443.40 an ounce on the Comex. Silver futures retreated 0.8% to $65.19 an ounce. SPDR Gold Shares (GLD) was down by 0.6%, and the iShares Silver Trust (SLV) was 0.6% lower.

Dow JonesNasdaq CompositeS&P 500$ABCL$BETH$BIRK$BITO$CSCO$EEM$EETH$EXI$FAS$FAZ$GLD$GLNG$IBB$IGM$IGV$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LUNR$MUFG$PMR$QQQ$RTH$SLV$SOXX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Asia Markets

Update: US Equity Futures Mostly Flat Pre-Bell as Traders Evaluate Further Inflation Data

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Thursday as traders evaluated another key inflation report, after yesterday's July consumer inflation reading matched forecasts.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were down 0.1%.The July consumer price index rose 0.1% as expected, following a 0.4% decline in the previous month, according to data released by the Bureau of Labor Statistics on Wednesday.The US and Iran have made no progress on talks to revive the interim peace deal made in June, Reuters reported Wednesday, citing a senior Iranian source. President Donald Trump said in a post on Truth Social that the US has "total control" over the Strait of Hormuz, to which Iran responded that the waterway is "under Iran's control and management."Traders also digested the latest round of earnings, with Cisco Systems (CSCO) posting higher fiscal Q4 adjusted earnings and revenue.Applied Materials (AMAT) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.40 per share on revenue of $9 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $86.94 per barrel and US West Texas Intermediate crude 2.5% lower at $81.18 per barrel.The US Producer Price Index, released at 8:30 am ET, held steady in July following a 0.1% decrease in May, compared with an expected 0.2% gain in a survey compiled by Bloomberg. Initial jobless claims climbed to 209,000 in the week ended Aug. 8 from 200,000 in the previous week, compared with expectations for an increase to 202,000.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin, and Atlanta Fed Interim President Cheryl Venable are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Cisco stock was down 6.8% after the company reported its fiscal Q4 financial results. Cerebras Systems (CBRS) shares fell more than 15% after the company swung to a Q2 net loss. Coherent (COHR) stock was 6% lower despite the company posting higher fiscal Q4 adjusted earnings and revenue.On the winning side, Brookfield (BN) shares rose 1.5% after the company reported higher distributable earnings and revenue for Q2. Mitsubishi UFJ Financial Group (MUFG) stock was up 2.4% after the company said it was collaborating with Progmat and Digital Asset Holdings on a proof-of-concept to bring Japanese government bond repurchase transactions on-chain through Canton Network. IBM (IBM) shares were up 1.1% after the company said it entered a partnership with OpenAI to help enterprises deploy AI across core business operations, modernize workflows, and strengthen cybersecurity.

Dow JonesNasdaq CompositeS&P 500$AMAT$BN$CBRS$COHR$CSCO$IBM$MUFG
Stocks Rise Pre-Bell Ahead of Producer Prices Report
US Markets

Stocks Rise Pre-Bell Ahead of Producer Prices Report

US equity markets are tracking higher before the opening bell Thursday as traders await last month's wholesale inflation data following a consumer inflation report that cooled bets on a near-term rate hike by the Federal Reserve.The S&P 500 and the Dow Jones Industrial Average increased 0.2% each in premarket activity, while the Nasdaq edged up 0.1%. The Nasdaq and S&P 500 finished Wednesday trading higher, while the Dow ended little changed.Last month's producer price index, a measure of wholesale prices, is scheduled to be released at 8:30 am ET. The report comes a day after government data showed that annual consumer inflation slowed to a four-month low in July, likely allowing the Federal Reserve to stay on hold for the rest of the year."Both the headline and core (consumer price index) in July were benign enough to reinforce our baseline forecast for a prolonged pause by the (Fed) over the remainder of the year," Oxford Economics said in a Wednesday note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the central bank keeping its benchmark lending rate unchanged next month stood at 64% on Thursday, with the remaining odds in favor of a 25-basis-point hike, according to the CME FedWatch tool.Treasury yields were down in premarket action, with the two-year rate retreating 2.3 basis points to 4.18% and the 10-year rate off 2.2 basis points to 4.67%.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am. Cleveland Fed President Beth Hammack is slated to speak at 8:15 am, while Richmond Fed President Thomas Barkin speaks at 8:40 am.West Texas Intermediate crude oil declined 2.1% to $81.50 a barrel before the open, while Brent decreased nearly 2% to $87.23.In a social media post on Wednesday, President Donald Trump said the US has "total control" over the Strait of Hormuz, amid its ongoing blockade of Iranian ports. "We own it, and at some point, maybe they'll do something, and then they get blown away," Trump told reporters, referring to Tehran, according to CNN.Iranian officials reportedly said earlier in the week that the Strait of Hormuz will remain closed as long as the US does not accept Tehran's conditions, including a permanent end to the conflict and full compensation for damages incurred due to the war.The International Energy Agency on Wednesday projected a larger decline in global oil demand this year than previously estimated as the continued closure of the strait weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Shares of Cisco Systems (CSCO) fell nearly 6% pre-bell after reporting fiscal fourth-quarter services revenue below Wall Street's estimates, overshadowing what the networking equipment maker described as record results.Cerebras Systems (CBRS) dropped 18% as the artificial intelligence chipmaker swung to a second-quarter loss. Dell Technologies (DELL) gained 4%.JD.com (JD), Tapestry (TPR), Madison Square Garden Sports (MSGS), Bullish (BLSH) and Yeti (YETI) report their latest financial results before the bell, among others. Applied Materials (AMAT) posts its earnings after the markets close.Gold nudged down 0.4% to $4,449 per troy ounce, while bitcoin inclined 0.3% to $63,589.

Dow JonesNasdaq CompositeS&P 500
Japan

US Equity Futures Rise Slightly Pre-Bell as Traders Await Further Inflation Data

US equity futures were edging slightly higher pre-bell Thursday as traders awaited another key inflation report, after yesterday's July consumer inflation reading matched forecasts.Dow Jones Industrial Average futures were 0.27% higher, S&P 500 futures were up 0.26%, and Nasdaq futures were 0.07% higher.The July consumer price index rose 0.1% as expected, following a 0.4% decline in the previous month, according to data released by the Bureau of Labor Statistics on Wednesday.The US and Iran have made no progress on talks to revive the interim peace deal made in June, Reuters reported Wednesday, citing a senior Iranian source. President Donald Trump said in a post on Truth Social that the US has "total control" over the Strait of Hormuz, to which Iran responded that the waterway is "under Iran's control and management."Traders also digested the latest round of earnings, with Cisco Systems (CSCO) posting higher fiscal Q4 adjusted earnings and revenue.Applied Materials (AMAT) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.40 per share on revenue of $9 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.78% at $87.40 per barrel and US West Texas Intermediate crude 2.07% lower at $81.55 per barrel.The July Producer Price Index, scheduled for release at 8:30 am ET, is expected to gain 0.2% following a 0.3% decrease in the preceding month, according to estimates compiled by Bloomberg.The weekly jobless claims bulletin is expected to show 202,000 new unemployment claims for the week ended Aug. 8, up from 199,000 in the prior week.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin, and Atlanta Fed Interim President Cheryl Venable are slated to speak on Thursday.

Dow JonesNasdaq CompositeS&P 500$AMAT$CSCO
International

Lower Oil Prices Lift Wall Street Pre-Bell; Asia, Europe Up

Wall Street futures pointed modestly higher pre-bell Thursday as petroleum prices eased and as traders continued to weigh the earnings season.In futures, the S&P 500 rose 0.2%, the Nasdaq rose 0.1%, and the Dow Jones rose 0.2%.West Texas Intermediate crude oil traded down 2.1% at $81.52, after media reports of softer global demand.On the earnings scene, Cerebras Systems (CBRS) traded down 18.4% pre-bell after the advanced processor manufacturer reported larger-than-expected Q2 losses late Wednesday.Investors also await the July producer price index (PPI) report for July at 8:30 am ET, for a read on how higher oil bills are impacting manufacturers and wholesalers.Asian exchanges traded mostly higher overnight, while European bourses tracked moderately higher at midday on the continent.Also on the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, followed by the weekly EIA natural gas report at 10:30 am.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin and Atlanta President Cheryl Venable are slated to speak on Thursday.In pre-market action, Bitcoin traded at $63,551, and 10-year US Treasuries offered 4.66%. Spot gold commanded $4,386 an ounce.

Dow JonesNasdaq CompositeS&P 500
Asia Markets

Update: US Equity Indexes Mixed as AI Infrastructure Players Boost Tech, Cooling Inflation Raises Odds of Sixth Fed Policy Pause

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes traded mixed as artificial intelligence infrastructure suppliers boosted mega-cap semiconductor shares and a decline in July's inflation rate lifted bets favoring the sixth consecutive Federal Reserve policy pause.The Nasdaq Composite rose 0.5% to 26,588.49, and the S&P 500 climbed 0.3% to 7,748.50 on Wednesday. The Dow Jones Industrial Average slipped by less than 0.1% to 53,770.27. Technology and real estate topped the gainers. Consumer discretionary, materials and communication services were the sole decliners at the close.Super Micro Computer's (SMCI) shares surged 19%, the top performer on the S&P 500, after the company released an upbeat fiscal 2027 revenue outlook.CoreWeave (CRWV) reported a Q2 beat and raised guidance, with inference demand driving the upside despite higher near-term capital expenditures, Oppenheimer said in a note Wednesday. Its shares soared 19%, one of Nasdaq's leaders.Sandisk (SNDK) and Kioxia Corp. unveiled a new 9th-generation, high-performance flash memory technology designed to support the growing storage demands of AI infrastructure. Shares of Sandisk jumped 5.8%, one of the biggest gainers on the S&P 500 and the Nasdaq.Among companies with market capitalizations exceeding $200 billion each, nine of the top 10 by intraday returns were in the technology sector, according to data compiled by Finviz. Of those nine firms, a majority were related to the semiconductor industry. SpaceX (SPCX) was the leader of the pack, up 10% after saying it is releasing Grok 4.6.In economic news, the consumer price index rose 3.4% in July from a year earlier, decelerating from 3.5% in June and marking the slowest pace of growth since March, data from the Bureau of Labor Statistics showed. The annual print matched the average forecast in a Bloomberg-compiled survey. Core inflation, which excludes volatile food and energy items, eased to 2.5%, also as expected, from June's 2.6%.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose 0.2% after holding steady in June. Both readings were in line with market projections."Despite the rebound in monthly measures, underlying inflation trends continue to move in the right direction," Thomas Feltmate, senior economist at TD Economics, said in a report. "At 3.4%, headline CPI has put further distance from its four-year high reached in May, while the annual change on core inflation fell back to its pre-Iran conflict rate of growth."The probability of the Federal Reserve extending its policy pause in September jumped to 60% on Wednesday, up from 52% a day ago and 46% a week earlier, according to the Fedwatch tool.US Treasury yields traded mixed, with the 10-year yield up less than a basis point to 4.69%. The two-year yield fell 1.5 basis points to 4.2%.Gold futures rose 0.7% to $4,470.6, and silver futures jumped 0.9% to $65.51.In geopolitical developments, CNN reported that Iran could "prolong" its war with the US until President Donald Trump leaves office, citing a top adviser to the commander of Iran's Islamic Revolutionary Guard Corps.This comes as Tehran reorganized its military to be more aggressive abroad, Bloomberg reported. Several top military appointments by Supreme Leader Mojtaba Khamenei mark a shift to an "offensive doctrine," Mohammad Reza Naqdi, a general in the Islamic Revolutionary Guard Corps who advises the force's new commander, told state TV late Tuesday, according to the news agency.Meanwhile, Pakistan's Foreign Ministry has suggested the agreement between the two sides remains relevant despite their refusal to shift positions, CNN reported. Trump claimed the US still has control over the strait while Energy Secretary Chris Wright said Middle East oil exports rose above pre-war levels on Sunday, CNN reportedThe front-month US West Texas Intermediate crude oil contract slipped 0.3% to $82.92 per barrel, and global benchmark North Sea Brent was 0.2% lower at $88.65 per barrel as traders weighed conflicting signals from the Middle East.

Dow JonesNasdaq CompositeS&P 500$CRWV$SMCI$SNDK$SPCX
Update: Nasdaq, S&P 500 Bounce Following Benign Inflation Report
US Markets

Update: Nasdaq, S&P 500 Bounce Following Benign Inflation Report

(Updates with market moves at the end of the day, and other changes, if any.)The Nasdaq Composite and the S&P 500 rebounded Wednesday after a two-day decline, as tame consumer inflation in July prompted traders to trim bets for a Federal Reserve interest rate hike next month.The technology-heavy Nasdaq rose 0.5% to close at 26,588.49, while the S&P 500 climbed 0.3% to 7,748.50. The Dow Jones Industrial Average ended little changed at 53,770.27. Most sectors advanced, led by real estate and tech, while consumer discretionary saw the steepest decline.US annual consumer inflation came in at 3.4% in July, easing from 3.5% the month prior and marking the slowest pace of price growth since March, official data showed. Core inflation, which excludes volatile food and energy items, eased to 2.5% from June's 2.6%. Both prints matched the forecasts in a Bloomberg-compiled survey.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose to 0.2% after holding steady in June."Both the headline and core CPI in July were benign enough to reinforce our baseline forecast for a prolonged pause by the Federal Reserve over the remainder of the year," Oxford Economics said in a note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the Fed keeping its benchmark lending rate unchanged next month increased to 60% Wednesday from 52% Tuesday, according to the CME FedWatch tool. The odds that the central bank will hike interest rates by 25 basis points fell to 40% from 48%.US Treasury yields were mixed, with the two-year yield down 1.5 basis points at 4.2% and the 10-year yield marginally higher at 4.69%.In company news, Super Micro Computer (SMCI) shares jumped 19%, the top performer on the S&P 500. Late Tuesday, the company issued an upbeat fiscal 2027 revenue outlook.Lumentum (LITE) followed Super Micro on the S&P 500, up nearly 14%. Late Tuesday, Lumentum delivered a fiscal fourth-quarter beat.Home Depot (HD) shares fell 3.1%, the biggest decline on the Dow, after the company said Chief Executive Ted Decker is taking a temporary medical leave of absence.West Texas Intermediate crude oil was down 0.3% at $82.99 a barrel in Wednesday late-afternoon trade, while Brent fell 0.2% to $88.71.The International Energy Agency projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Iran could "prolong" war with Washington until US President Donald Trump is out of office, CNN reported Wednesday, citing a top adviser to the commander of Tehran's Islamic Revolutionary Guard Corps.Spot gold rose 0.9% to $4,410.90 per troy ounce, while silver advanced 0.9% to $65.54 per ounce.

Dow JonesNasdaq CompositeS&P 500$HD$LITE$SMCI
Japan

US Equity Markets End Mixed Amid Tech Stock Gains, Lower Inflation Data

US equity indexes ended mixed Wednesday amid stock gains by some major technology stocks and a four-month low inflation rate report.* The consumer price index rose 3.4% in July from a year earlier, decelerating from 3.5% in June, according to data from the Bureau of Labor Statistics. The annual print matched the average forecast in a Bloomberg-compiled survey.* Iran could "prolong" its war with the US until President Donald Trump leaves office, CNN reported, citing a top adviser to the commander of Iran's Islamic Revolutionary Guard Corps.* September West Texas Intermediate crude oil fell $0.24 to settle at $82.96 per barrel, while October Brent crude, the global benchmark, was last seen down $0.29 at $88.62.* Super Micro Computer's (SMCI) shares were up 19%, the top gainer on the S&P 500, after the company issued an upbeat fiscal 2027 revenue outlook.* Cencora (COR) shares were down nearly 6%, one of the worst performers on the S&P 500, after the company said that certain Walgreens volume that was being serviced by the company, separate from the prime vendor agreement, has started moving outside the company from July 1.

Dow JonesNasdaq CompositeS&P 500$COR$SMCI
Japan

Update: US Equity Indexes Rise as Chipmakers Boost Technology, Cooling Inflation Lifts Bets for Fed Policy Pause

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes rose as strong results from several providers of artificial intelligence infrastructure boosted mega-cap chipmakers and as a decline in July's inflation rate to a four-month low lifted the odds of another Federal Reserve policy pause.The Nasdaq Composite rose 0.7% to 26,619.2, and the S&P 500 climbed 0.3% to 7,754.2 ahead of Wednesday's close. The Dow Jones Industrial Average edged up less than 0.1% to 53,813.3. Technology and real estate topped the gainers, while consumer discretionary and communication services led decliners in the final leg of trading.Super Micro Computer's (SMCI) shares surged 20%, the top performer on the S&P 500, after the company released an upbeat fiscal 2027 revenue outlook.CoreWeave (CRWV) reported a Q2 beat and raised guidance, with inference demand driving the upside despite higher near-term capital expenditures, Oppenheimer said in a note Wednesday. Its shares soared 20%, one of Nasdaq's leaders.Among companies with market capitalizations exceeding $200 billion each, nine of the top 10 by intraday returns were in the technology sector, according to data compiled by Finviz. The leader of this pack was SpaceX (SPCX), up 10% after saying it is releasing Grok 4.6.In economic news, the consumer price index rose 3.4% in July from a year earlier, decelerating from 3.5% in June and marking the slowest pace of growth since March, data from the Bureau of Labor Statistics showed. The annual print matched the average forecast in a Bloomberg-compiled survey. Core inflation, which excludes volatile food and energy items, eased to 2.5%, also as expected, from June's 2.6%.In geopolitical developments, CNN reported that Iran could "prolong" its war with the US until President Donald Trump leaves office, citing a top adviser to the commander of Iran's Islamic Revolutionary Guard Corps.This comes as Tehran reorganized its military to be more aggressive abroad, Bloomberg reported. A number of top military appointments by Supreme Leader Mojtaba Khamenei mark a shift to an "offensive doctrine," Mohammad Reza Naqdi, a general in the Islamic Revolutionary Guard Corps who advises the force's new commander, told state TV late Tuesday, according to the news agency.Meanwhile, Pakistan's Foreign Ministry has suggested the agreement between the two sides remains relevant despite their refusal to shift positions, CNN reported.The front-month US West Texas Intermediate crude oil contract slipped 0.1% to $83.11 per barrel, and global benchmark North Sea Brent was 0.2% lower at $88.78 per barrel.

Dow JonesNasdaq CompositeS&P 500$CRWV$SMCI$SPCX
Update: Benign Inflation, Upbeat Earnings Reports Help Lift Equities Intraday
US Markets

Update: Benign Inflation, Upbeat Earnings Reports Help Lift Equities Intraday

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday as traders digested a benign consumer inflation report and the latest batch of corporate earnings.The Nasdaq Composite was up 0.6% at 26,609.2 after midday Wednesday, while the S&P 500 rose 0.3% to 7,752.9. The Dow Jones Industrial Average advanced 0.1% to 53,829.5. The three indexes finished Tuesday trading lower for a second consecutive session.Among sectors, technology led the gainers intraday Wednesday, while communication services and consumer discretionary saw the steepest declines.US annual consumer inflation came in at 3.4% in July, easing from 3.5% the month prior and marking the slowest pace of price growth since March, official data showed. Core inflation, which excludes volatile food and energy items, eased to 2.5% from June's 2.6%. Both prints matched the forecasts in a Bloomberg-compiled survey.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose to 0.2% after holding steady in June. Both readings were in line with market projections."Both the headline and core CPI in July were benign enough to reinforce our baseline forecast for a prolonged pause by the Federal Reserve over the remainder of the year," Oxford Economics said in a note. "Market expectations for a September rate hike have also downshifted on the back of the July CPI."The probability of the Fed keeping its benchmark lending rate unchanged next month increased to 62% Wednesday from 52% Tuesday, according to the CME FedWatch tool. The odds that the central bank will hike interest rates by 25 basis points fell to 38%.US Treasury yields were lower intraday, with the two-year yield down 2.1 basis points at 4.2% and the 10-year yield falling one basis point to 4.67%.In company news, Super Micro Computer (SMCI) shares jumped nearly 18% intraday, the top performer on the S&P 500. Late Tuesday, the company issued an upbeat fiscal 2027 revenue outlook.Lumentum (LITE) followed Super Micro on the S&P 500 intraday Wednesday, up 17%. Late Tuesday, Lumentum delivered a fiscal fourth-quarter beat.Home Depot (HD) shares were down 2.9% intraday Wednesday, the biggest decline on the Dow, after the company said Chief Executive Ted Decker is taking a temporary medical leave of absence.Cisco Systems (CSCO) is scheduled to report its latest financial results after the closing bell Wednesday, along with others.West Texas Intermediate crude oil was down 0.2% at $83.06 a barrel intraday, while Brent fell 0.3% to $88.64.The International Energy Agency projected a larger decline in global oil demand this year than previously estimated as the continued closure of the Strait of Hormuz weighs on consumption. Separately, the Organization of the Petroleum Exporting Countries lowered its global oil demand growth outlook for 2026 while projecting a stronger rebound for next year than previously estimated.Iran could "prolong" war with Washington until US President Donald Trump is out of office, CNN reported Wednesday, citing a top adviser to the commander of Tehran's Islamic Revolutionary Guard Corps.Yemen's Iran-aligned Houthis killed six people in an attack on a container ship in the Bab el-Mandeb Strait, an alternative route to the Strait of Hormuz, CNBC reported. The US Central Command said in a post on X that its forces disabled the steering gear of a cargo vessel that allegedly attempted to transit the Gulf of Oman and breach its Iranian blockade.Gold was up 0.7% to $4,402.62 per troy ounce, while silver rose 1.1% to $65.48.

Dow JonesNasdaq CompositeS&P 500$CSCO$HD$LITE$SMCI
Asia Markets

Update: US Equity Indexes Mixed as Easing Inflation Lifts Fed Policy Pause Bets While No End in Sight for Iran War

(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first paragraph.)US equity indexes traded mixed as a drop in July's inflation rate to a four-month low increased the odds of another Federal Reserve policy pause while Iran's top military appointments signaled preparations for an offensive in a prolonged war.The Nasdaq Composite rose 0.4% to 26,546.1 and the S&P 500 climbed 0.2% to 7,742.5 after midday Wednesday. The Dow Jones Industrial Average was steady at 53,824.6. Consumer discretionary and communication services led decliners.Super Micro Computer's (SMCI) shares surged past 18%, the top gainer on the S&P 500, after the company released an upbeat fiscal 2027 revenue outlook.CoreWeave (CRWV) reported a Q2 beat and raised guidance, with inference demand driving upside despite higher near-term capital expenditures, Oppenheimer said in a note Wednesday. Its shares soared 19%, one of the top performers on the Nasdaq.Sandisk (SNDK) and Kioxia said Wednesday they unveiled a new 9th-generation, high-performance flash memory technology designed to support the growing storage demands of AI infrastructure. Shares of Sandisk jumped 8%, one of the biggest gainers on the S&P 500 and the Nasdaq.The consumer price index rose 3.4% in July from a year earlier, decelerating from 3.5% in June and marking the slowest pace of growth since March, data from the Bureau of Labor Statistics showed. The annual print matched the average forecast in a Bloomberg-compiled survey. Core inflation, which excludes volatile food and energy items, eased to 2.5%, also as expected, from June's 2.6%.On a month-on-month basis, consumer prices rose 0.1% in July following a 0.4% drop the month prior. Core prices rose 0.2% after holding steady in June. Both readings were in line with market projections."Despite the rebound in monthly measures, underlying inflation trends continue to move in the right direction," Thomas Feltmate, senior economist at TD Economics, said in a report. "At 3.4%, headline CPI has put further distance from its four-year high reached in May, while the annual change on core inflation fell back to its pre-Iran conflict rate of growth."The probability of the Federal Reserve extending its policy pause to the sixth meeting in September jumped to 60% on Wednesday, up from 52% a day ago and 46% a week earlier, according to the Fedwatch tool.US Treasury yields fell, with the 10-year yield down 1.4 basis points to 4.67% and the two-year lower by 3.2 basis points to 4.19%.Gold futures rose 0.6% to $4,468.20, and silver futures jumped 1.1% to $65.68.Meanwhile, Iran could "prolong" its war with the US until President Donald Trump leaves office, CNN reported, citing a top adviser to the commander of Iran's Islamic Revolutionary Guard Corps.This comes as Tehran reorganized its military to be more aggressive abroad, Bloomberg reported. A raft of top military appointments by Supreme Leader Mojtaba Khamenei marks a shift to an "offensive doctrine," Mohammad Reza Naqdi, a general in the Islamic Revolutionary Guard Corps who advises the force's new commander, told state TV late Tuesday, according to the news agency.President Donald Trump has claimed the US still has control over the strait while Energy Secretary Chris Wright said Middle East oil exports rose above pre-war levels on Sunday, CNN reportedThe front-month US West Texas Intermediate crude oil contract shed 0.4% to $82.86 per barrel, and global benchmark North Sea Brent was 0.5% lower at $88.46 per barrel.

Dow JonesNasdaq CompositeS&P 500$CRWV$SMCI$SNDK
Japan

Exchange-Traded Funds Higher, US Equities Mixed After Midday

Broad Market IndicatorsBroad-market exchange-traded funds IWM and IVV rose. Actively traded Invesco QQQ Trust (QQQ) added 1%.US equity indexes traded mixed, with technology among sector leaders, after annual consumer inflation cooled to a four-month low in July while hopes faded for a quick reopening of the Strait of Hormuz.EnergyIShares US Energy ETF (IYE) and the State Street Energy Select Sector SPDR (XLE) each fell 0.1%.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) rose 1.7%; iShares US Technology ETF (IYW) and iShares Expanded Tech Sector ETF (IGM) edged higher.The State Street SPDR S&P Semiconductor (XSD) gained 2.4%, and iShares Semiconductor (SOXX) rose 3.3%.FinancialThe State Street Financial Select Sector SPDR (XLF) shed fractionally. Direxion Daily Financial Bull 3X Shares (FAS) declined 0.2%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), added 0.1%.CommoditiesCrude oil dipped 0.1%, and the United States Oil Fund (USO) fell 0.6%. Natural gas rose 1.3%, and the United States Natural Gas Fund (UNG) added 1.3%.Gold on Comex rose 0.5%, and the State Street SPDR Gold Shares (GLD) was up 0.8%. Silver added 0.7%, and iShares Silver Trust (SLV) gained 0.8%.ConsumerThe State Street Consumer Staples Select Sector SPDR (XLP) was up 0.5%. The Vanguard Consumer Staples ETF (VDC) rose 0.5%, and iShares Dow Jones US Consumer Goods (IYK) eased less than 0.1%.The State Street Consumer Discretionary Select Sector SPDR (XLY) was down 0.9%. VanEck Retail ETF (RTH) lost 0.6%, and the State Street SPDR S&P Retail (XRT) fell 0.7%.HealthcareThe State Street Health Care Select Sector SPDR (XLV) rose 0.1%, iShares US Healthcare (IYH) added 0.2%, and Vanguard Health Care ETF (VHT) was up 0.2%. IShares Biotechnology ETF (IBB) advanced 0.5%.IndustrialThe State Street Industrial Select Sector SPDR (XLI) added 0.3%. Vanguard Industrials Index Fund (VIS) and iShares US Industrials (IYJ) were also higher.CryptocurrencyIn midday activity, bitcoin (BTC-USD) fell 0.1%. Among cryptocurrency ETFs, ProShares Bitcoin ETF (BITO) lost 0.1%, ProShares Ether ETF (EETH) was up 0.6%, and ProShares Bitcoin & Ether Market Cap Weight ETF (BETH) dipped 0.7%.

Dow Jones^EEM^EXI^FAS^FAZ^GLD^IBB^IGM^IGV^IPK^IVV^IWMNasdaq Composite^IYE^IYH^IYJ^IYK^IYW^PMR^QQQ^RTH^SOXXS&P 500^SPY^UNG^USO^VDC^VHT^VIS^XLE^XLF^XLI^XLK^XLP^XLV^XRT^XSD$BETH$BITO$EETH
Japan

Update: US Equity Indexes Mixed After Annual Inflation Eases, Iran Geopolitics Worsens

(Updates with index/price moves, macroeconomic data and geopolitical news from the first paragraph.)US equity indexes traded mixed, with technology among sector leaders, after annual consumer inflation cooled to a four-month low in July while hopes faded for a quick reopening of the Strait of Hormuz.The Nasdaq Composite rose 0.4% to 26,546.1 and the S&P 500 climbed 0.2% to 7,742.5 after midday Wednesday. The Dow Jones Industrial Average was steady at 53,824.6. Consumer discretionary and communication services led decliners.Super Micro Computer's (SMCI) shares surged 13%, one of the top gainers on the S&P 500, after the company released an upbeat fiscal 2027 revenue outlook.CoreWeave (CRWV) reported a Q2 beat and raised guidance, with inference demand driving upside despite higher near-term capital expenditures, Oppenheimer said in a note Wednesday. Its shares soared 18%, one of the top performers on the Nasdaq.The consumer price index rose 3.4% last month from a year earlier, decelerating from 3.5% in June and marking the slowest pace of growth since March, data from the Bureau of Labor Statistics showed. The annual print matched the average forecast in a Bloomberg-compiled survey. Core inflation, which excludes volatile food and energy items, eased to 2.5%, also as expected, from June's 2.6%.A raft of top military appointments by Iran's Supreme Leader Mojtaba Khamenei marks a shift to an "offensive doctrine," Mohammad Reza Naqdi, a general in the Islamic Revolutionary Guard Corps who advises the force's new commander, said in an interview on state TV late Tuesday, according to a Bloomberg report.The front-month US West Texas Intermediate crude oil contract climbed 0.1% to $83.29 per barrel, and global benchmark North Sea Brent was steady at $88.93 per barrel.

Dow JonesNasdaq CompositeS&P 500$CRWV$SMCI

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