Wall Street gains as steady CPI and AI stocks continue to drive the market
📈 U.S. stocks remained in positive territory after July CPI rose 0.1% month-on-month and 3.4% year-on-year, in line with expectations and easing concerns that the Fed may need to resume rate hikes soon.
🤖 The Nasdaq led gains at around 0.4–0.6%, while the S&P 500 technology sector rose about 1.2% and the SOX semiconductor index gained nearly 3%. CoreWeave climbed about 19%, Super Micro rose 15–17%, and Nvidia gained more than 2%, highlighting continued demand for AI-related stocks.
🏦 Following the CPI release, the probability of the Fed holding rates steady in September increased to around 62%, from roughly even odds beforehand, while short-term Treasury yields declined.
⚠️ The rally is being supported by both Fed pause expectations and strong AI earnings, although elevated oil prices and risks around Hormuz could renew inflationary pressures in the coming months.
#WallStreet
$BTC $XRP $TRX
📈 U.S. stocks remained in positive territory after July CPI rose 0.1% month-on-month and 3.4% year-on-year, in line with expectations and easing concerns that the Fed may need to resume rate hikes soon.
🤖 The Nasdaq led gains at around 0.4–0.6%, while the S&P 500 technology sector rose about 1.2% and the SOX semiconductor index gained nearly 3%. CoreWeave climbed about 19%, Super Micro rose 15–17%, and Nvidia gained more than 2%, highlighting continued demand for AI-related stocks.
🏦 Following the CPI release, the probability of the Fed holding rates steady in September increased to around 62%, from roughly even odds beforehand, while short-term Treasury yields declined.
⚠️ The rally is being supported by both Fed pause expectations and strong AI earnings, although elevated oil prices and risks around Hormuz could renew inflationary pressures in the coming months.
#WallStreet
$BTC $XRP $TRX