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US markets rise as inflation meets expectations and AI stocks rally
US stock markets saw mixed but generally positive results following July inflation data that met market expectations. The Consumer Price Index rose 0.1% monthly and 3.4% annually, while core inflation stood at 2.5% year-over-year. These figures have bolstered expectations that the Federal Reserve may keep interest rates unchanged in September, with markets pricing a 62% probability of a hold.
In the technology sector, artificial intelligence infrastructure companies drove significant gains. CoreWeave shares surged 19% following strong second-quarter results and an increased capital spending outlook. Nebius Group rose 34%, and Super Micro Computer climbed 19% on robust revenue forecasts. These movements helped the Nasdaq and S&P 500 close higher, despite a slight decline in the Dow Jones.
In Europe, the DAX index continued its rally, recently surpassing the 26,000 mark and maintaining a year-to-date gain of over 8%. While some indices faced volatility due to geopolitical tensions and energy price fluctuations, the overall sentiment was supported by strong corporate earnings and the ongoing enthusiasm for AI-related technologies.
Entities
CoreWeave · Dow Jones Industrial Average · Federal Reserve · Nasdaq · Nebius Group · Nvidia · S&P 500 · Super Micro Computer
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] The Dax index rose 0.2 percent to 26,437 points during the first hour of trading.
- [○ 1 SOURCE] Siemens Energy rose 4.3 percent following positive industry news.
- [● 2 SOURCES] Oil prices have reached their highest level since the end of July.
- [● 2 SOURCES] The MDax rose 0.4 percent to 32,336 points.
- [● 2 SOURCES] Markets are pricing the probability of a Fed interest rate hike in September at 50:50.
- [● 2 SOURCES] The Dax has expanded its year-to-date gain to over eight percent.
- [● 2 SOURCES] There is no agreement between the USA and Iran.
- [● 7 SOURCES] CoreWeave shares rose approximately 19% following strong second-quarter revenue growth. www.ekoturk.com · www.moneytimes.com.br · valor.globo.com · courage-lounge.de · www.infomoney.com.br · +1 more
- [DISPUTED] The Dow Jones Industrial Average decreased by 0.04% to 53,770.27 points. www.ekoturk.com · www.moneytimes.com.br · valor.globo.com · www.infomoney.com.br
- [○ 1 SOURCE] Super Micro Computer shares increased by 19% following strong earnings and revenue forecasts. www.arvopaperi.fi
- [● 6 SOURCES] Markets are pricing the probability of a Fed interest rate hike in September at approximately 50:50. www.ekoturk.com · courage-lounge.de · e24.no · www.moneytimes.com.br · valor.globo.com
- [● 5 SOURCES] Core inflation (excluding food and energy) rose 0.2% monthly and 2.5% annually in July. www.ekoturk.com · www.arvopaperi.fi · e24.no · www.moneytimes.com.br · valor.globo.com