(Telestock) – Wall Street trading calmlyafter new macroeconomic data consolidated bets that the Federal Reserve may begin its easing cycle of monetary policy next month. Data from the Labor Department showed that the consumer prices in the United States rose 0.2% as expected in July, bringing annual inflation to 2.9% from 3% in June, slightly below analysts’ expectations for 3% growth. This was the smallest 12-month increase since March 2021.
Yesterday the producer prices showed a slowdown greater than expected, with the core figure marking the slowest monthly growth in the last 4 months (0% against 0.2% expected) thanks to the drop in services prices.
According to the CME’s FedWatch Tool, traders now expect a 57% probability that the U.S. central bank will cut its benchmark interest rates. 25 basis points in September, and a 43% chance that the cut will be 50 basis points.
The decrease stands out Alphabetthe parent company of Googleafter US media reports indicated that the US Department of Justice is considering options that include the spin-off and separation of some of the activitiessuch as the Chrome browser and the Android operating system, the ruling that found Mountain Vies guilty of violating antitrust law.
On the front of theBUTMars announced the acquisition of Kellan in a $36 billion deal. As for the quarterly, Cardinal Health raised its profit forecast for 2025. Among the new appointments, Victoria’s Secret has chosen Hillary Super as its new CEO.
Looking at the main indexesThe Dow Jones rises by 0.37% to 39,915 points, while, on the contrary, a day without infamy and without praise for theS&P-500which remains at 5,440 points. On parity the Nasdaq 100 (-0.17%); on the same trend, without direction theS&P 100 (+0.05%).
Appreciable rise in the S&P 500 for the compartments financial (+0.85%), energy (+0.48%) and office supplies (+0.42%). At the bottom of the ranking, the biggest drops are seen in the sectors telecommunications (-1.10%), secondary consumer goods (-0.60%) and materials (-0.50%).
Among the protagonists of the Dow Jones, Home Depot (+2.65%), American Express (+1.56%), Travelers Company (+1.52%) and Goldman-Sachs (+1.22%).
The strongest sales, however, are seen on Intelwhich continues trading at -1.49%. Pensive Merckwith a fractional drop of 0.77%.
Among the best performers of the Nasdaq 100, MicronTechnology (+3.67%), Illumina (+3.47%), CrowdStrikeHoldings (+3.08%) and Fortinet (+2.87%).
The strongest drops, however, occur on Starbuckswhich continues the session with -3.97%. Under pressure Alphabetwhich is showing a 2.55% decline. It is slipping Warner Bros.Discoverywith a clear disadvantage of 2.55%. In the red Alphabetwhich shows a sharp decline of 2.53%.