Wall Street reacts to cooling US inflation and weak retail sales

Wall Street inflation data S&P 500 record Federal Reserve interest rates retail sales decline

Global financial markets are reacting to a mix of cooling US inflation data and weakening consumer demand. In the United States, July consumer prices rose only 0.1 percent monthly, while annual inflation slowed to 3.4 percent. Producer prices remained unchanged for the month. These figures have led investors to believe the Federal Reserve may not raise interest rates at its September meeting, with markets pricing in a greater than 60 percent chance of rates remaining steady.

Despite this optimism, the S&P 500 and Nasdaq recently achieved record highs, but broader market sentiment is tempered by a 0.6 percent decline in US retail sales for July. This unexpected drop has raised concerns regarding the resilience of the American consumer.

Geopolitical tensions in the Middle East, specifically regarding the Strait of Hormuz and potential US-Iran escalations, continue to impact oil prices and market volatility. Meanwhile, the technology sector remains a primary driver of market movement, with significant interest in artificial intelligence infrastructure and semiconductor manufacturers like Micron and SanDisk.

Entities

Dow Jones · Federal Reserve · Nasdaq · S&P 500 · Strait of Hormuz · Wall Street · Walmart

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The Dow Jones index fell 0.6 percent to 53,732 points. biznisinfo.mk · lidermedia.hr
[● 6 SOURCES] US producer prices remained unchanged on a monthly basis in July. biznisinfo.mk · lidermedia.hr · pari.com.mk · finex.cz · hnonline.sk · +1 more
[● 5 SOURCES] Annual US inflation decreased from 3.5 percent to 3.4 percent. biznisinfo.mk · hnonline.sk · lidermedia.hr · finex.cz · www.danas.rs
[● 2 SOURCES] Oil prices have been rising due to the closure of the Strait of Hormuz. biznisinfo.mk · lidermedia.hr
[● 2 SOURCES] Markets estimate a greater than 60 percent chance that the Federal Reserve will maintain current interest rates at the September meeting. biznisinfo.mk · lidermedia.hr
[● 2 SOURCES] The London FTSE index declined by 1.4 percent. biznisinfo.mk · lidermedia.hr
[● 7 SOURCES] US consumer prices rose 0.1 percent on a monthly basis in July. biznisinfo.mk · hnonline.sk · lidermedia.hr · pari.com.mk · finex.cz · +2 more
[● 6 SOURCES] The S&P 500 index reached a new record high during the week. biznisinfo.mk · hnonline.sk · lidermedia.hr · pari.com.mk · finex.cz · +1 more
[● 5 SOURCES] US retail sales decreased by 0.6 percent in July. finex.cz · www.upreg.fr · financije.hr · www.lesaffaires.com · pari.com.mk