S&P 500 futures rise as investors await bank earnings, inflation reading: Live updates
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Shares of Nvidia jumped 4.5% in premarket trade on Tuesday, after the company said it was hopeful it could soon resume sales of its H20 chips to China.
"The U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon," the company said in a statement on Tuesday.
Read more here.
— Chloe Taylor
Asia-Pacific ended the day higher Tuesday.
Hong Kong's Hang Seng Index added 1.6% to close at 24,590.12, while mainland China's CSI 300 index was flat at 4,019.06.
Japan's Nikkei 225 benchmark added 0.55% to close at 39,678.02, while the broader Topix index was flat at 2,825.31.
Meanwhile, South Korea's Kospi index increased by 0.41% to close at 3,215.28, while the small-cap Kosdaq advanced 1.69% to 812.88.
Australia's S&P/ASX 200 benchmark ended the day 0.7% higher at 8,630.30.
Over in India, the 50-stock benchmark Nifty 50 was up 0.43%, while the Sensex index moved up 0.31% as of 1.55 p.m. Indian Standard time (4.25 a.m. ET).
— Amala Balakrishner
We're just over half an hour into Tuesday's trading session, and European shares are broadly moving higher.
The pan-European Stoxx 600 was last seen trading around 0.2% higher, with most sectors trading in positive territory.
Regional shares are coming off of a mostly losing session on Monday, as investors reacted to U.S. President Donald Trump's threat to to slap 30% tariffs on goods from the European Union next month.
— Chloe Taylor
June's consumer price index could be the first to show the tariff impact. Here are what economists polled by Dow Jones are expecting: Headline: 0.3% monthly increase, 2.7% increase on an annual basis
Core: 0.3% monthly increase, 3% gain on an annual basis
The inflation reading is due out Tuesday at 8:30 a.m. ET.
— Sarah Min
Companies have a low bar to clear this earnings season.
The S&P 500 is projected to post a blended earnings growth rate of 4.3% in the second quarter, on a year-over-year basis, according to FactSet data. That would be the lowest for the index going back to the fourth quarter of 2023, when it was just 4.0%.
— Sarah Min
Advertising tech company The Trade Desk will become part of the S&P 500, effective before trading opens on Friday, July 18, according to S&P Dow Jones Indices.
Joining the broad market index tends to lift a company's share price: The Trade Desk jumped 14% in extended trading following the announcement. Stock chart icon
The Trade Desk over the past day
Just last week, Wall Street firm Stephens predicted that The Trade Desk could be a potential contender to join the S&P 500's communications services sector, which is an underweight grouping in the index.
The Trade Desk will replace software company Ansys , which is on track to be acquired by Synopsys on or about Thursday.
— Darla Mercado, Jordan Novet
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CNBC
2 minutes ago
- CNBC
CCTV Script 13/08/2025
The market has largely viewed the latest overnight release of the Consumer Price Index (CPI) inflation report in a positive light. The nominal CPI rose by 2.7% year-on-year, slightly below the expected 2.8%. The report also indicated stronger-than-expected inflation in service, while goods inflation came in lower than anticipated. These figures have reinforced market expectations for a rate cut and boosted the performance of U.S. stocks overnight. Specifically: All three major U.S. stock indices rose by more than 1% overnight, with the S&P 500 and the tech-heavy Nasdaq Composite both closing at record highs. According to CME FedWatch, the market's probability of a 25-basis-point rate cut by the Federal Reserve in September has increased from 85.86% the previous day to 94.93%. Although the market widely expects a rate cut in September, the focus among those supporting the move varies. Some are paying attention to inflation trends, while others are closely monitoring employment data. First, regarding the impact of Trump's tariff policies on inflation, expert opinions are divided. One camp argues that the effect of tariffs on U.S. inflation is actually quite limited. "Now you have six months of evidence, I don't really think tariffs cause inflation. Taxes don't cause inflation. And so what you're seeing in the data is very muted effects that are one time increases in the price level." It's worth noting that James Bullard is currently considered a top candidate for the next Federal Reserve Chair. In an interview with CNBC overnight, he also stated that he expects the Fed to cut rates by a total of 100 basis points over the next year. Meanwhile, another camp in the market warns that the impact of tariffs on inflation may gradually become more apparent in the future. Experts caution that, in addition to nominal CPI, it's crucial to monitor the trajectory of core CPI. "We are seeing a little bit of an uptick in the sequential core inflation and underlying inflation data. And I think a large part of that is the moderate impact we're seeing of tariff pass through that that is likely to grow in the months ahead." Additional analysis points out that while businesses may absorb costs in the short term, they will ultimately pass them on to consumers, particularly in industries with already narrow profit margins. "For instance, groceries, I mean, there's very little margin there. They're going to, you know, your tomato prices are going to go up because of because they can't really absorb, you know, those prices. It's just a matter of time that this, that the tariff related inflation starts to show up in the data." Finally, it's noteworthy that no consensus has yet been reached within the Federal Reserve regarding the pace of future rate cuts. Currently among Fed officials, Michelle Bowman and Christopher Waller represent the dovish camp advocating for . However, Jeffrey Schmid, President of the Kansas City Fed struck a hawkish tone overnight, arguing for . With moderate voices further complicating the divide, analysts suggest that even if the Fed initiates a cut in September, the pace may remain measured due to persistent internal disagreements.
San Francisco Chronicle
2 hours ago
- San Francisco Chronicle
Asian shares mostly gain as eyes turn to meetings at the White House and Jackson Hole
BANGKOK (AP) — Asian shares were mostly higher Monday after U.S. stocks edged back from their record levels on Friday. U.S. futures were little changed as investors watched for developments in the Ukraine crisis following a summit between President Donald Trump and Russian President Vladimir Putin that brought no breakthroughs. Japan's Nikkei 225 gained 0.9% to 43.776.38, while the Hang Seng in Hong Kong added 0.3% to 25,344.48. The Shanghai Composite index jumped 1.2% to 3,740.50. Australia's S&P/ASX 200 was virtually unchanged, while the Kospi in South Korea declined 1.3% to 3,184.17. Trump was preparing to meet later Monday with Ukrainian President Volodymyr Zelenskyy and other European leaders in Washington. The European vanguard were not included in Trump's summit with Russian President Vladimir Putin last Friday. They are seeking to present a united front in safeguarding Ukraine and the continent from any widening aggression from Moscow. An annual meeting in Jackson Hole, Wyoming, of top central bankers later this week is also drawing attention. Federal Reserve chair Jerome Powell is due to speak Friday at the economic policy conference. Expectations have been building that the Fed will cut interest rates at its next meeting in September, though mixed reports on the U.S. economy have undercut those bets somewhat. One report Friday said shoppers boosted their spending at U.S. retailers last month, while another said manufacturing in New York state unexpectedly grew. A third said industrial production across the country shrank last month, when economists were looking for modest growth. Yet another report suggested sentiment among U.S. consumers is worsening because of worries about inflation, when economists expected to see a slight improvement. On Wall Street, UnitedHealth Group jumped 12% on Friday after famed investor Warren Buffett's Berkshire Hathaway said it bought nearly 5 million shares of the insurer during the spring, valued at $1.57 billion. Buffett is known for trying to buy good stocks at affordable prices, and UnitedHealth's halved for the year by the end of July because of a run of struggles. Berkshire Hathaway's own stock slipped 0.4%. Applied Materials helped lead Wall Street lower with a decline of 14.1% even though it reported better results for the latest quarter than analysts expected. The focus was on the company's forecast for a drop in revenue during the current quarter. Its products help manufacture semiconductors and advanced displays, and CEO Gary Dickerson pointed to a 'dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business.' Sandisk fell 4.6% despite reporting a profit for the latest quarter that blew past analysts' expectations. Investors focused instead on the data storage company's forecast for profit in the current quarter, which came up short of Wall Street's. The U.S. dollar rose to 147.38 Japanese yen from 147.18 yen. The euro was unchanged at $1.1703.
The Hill
2 hours ago
- The Hill
Asian shares mostly gain as eyes turn to meetings at the White House and Jackson Hole
BANGKOK (AP) — Asian shares were mostly higher Monday after U.S. stocks edged back from their record levels on Friday. U.S. futures were little changed as investors watched for developments in the Ukraine crisis following a summit between President Donald Trump and Russian President Vladimir Putin that brought no breakthroughs. Japan's Nikkei 225 gained 0.9% to 43.776.38, while the Hang Seng in Hong Kong added 0.3% to 25,344.48. The Shanghai Composite index jumped 1.2% to 3,740.50. Australia's S&P/ASX 200 was virtually unchanged, while the Kospi in South Korea declined 1.3% to 3,184.17. Trump was preparing to meet later Monday with Ukrainian President Volodymyr Zelenskyy and other European leaders in Washington. The European vanguard were not included in Trump's summit with Russian President Vladimir Putin last Friday. They are seeking to present a united front in safeguarding Ukraine and the continent from any widening aggression from Moscow. An annual meeting in Jackson Hole, Wyoming, of top central bankers later this week is also drawing attention. Federal Reserve chair Jerome Powell is due to speak Friday at the economic policy conference. Expectations have been building that the Fed will cut interest rates at its next meeting in September, though mixed reports on the U.S. economy have undercut those bets somewhat. One report Friday said shoppers boosted their spending at U.S. retailers last month, while another said manufacturing in New York state unexpectedly grew. A third said industrial production across the country shrank last month, when economists were looking for modest growth. Yet another report suggested sentiment among U.S. consumers is worsening because of worries about inflation, when economists expected to see a slight improvement. On Wall Street, UnitedHealth Group jumped 12% on Friday after famed investor Warren Buffett's Berkshire Hathaway said it bought nearly 5 million shares of the insurer during the spring, valued at $1.57 billion. Buffett is known for trying to buy good stocks at affordable prices, and UnitedHealth's halved for the year by the end of July because of a run of struggles. Berkshire Hathaway's own stock slipped 0.4%. Applied Materials helped lead Wall Street lower with a decline of 14.1% even though it reported better results for the latest quarter than analysts expected. The focus was on the company's forecast for a drop in revenue during the current quarter. Its products help manufacture semiconductors and advanced displays, and CEO Gary Dickerson pointed to a 'dynamic macroeconomic and policy environment, which is creating increased uncertainty and lower visibility in the near term, including for our China business.' Sandisk fell 4.6% despite reporting a profit for the latest quarter that blew past analysts' expectations. Investors focused instead on the data storage company's forecast for profit in the current quarter, which came up short of Wall Street's. On Friday, the S&P 500 fell 0.3% to 6,449.80. The Dow Jones Industrial Average edged 0.1% higher, to 44,946.12. The Nasdaq composite sank 0.4% to 21,622.98. In other dealings early Monday, U.S. benchmark crude oil shed 2 cents to $62.82 per barrel, while Brent crude, the international standard, gave up 6 cents to $65.79 per barrel. The U.S. dollar rose to 147.38 Japanese yen from 147.18 yen. The euro was unchanged at $1.1703.
