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US inflation has cooled for four consecutive months in July, and employment data has become the "roadblock" to the last interest rate cut by the Federal Reserve.
In July, the inflation rate in the USA has dropped for the fourth consecutive month, which gives the Federal Reserve the possibility to decrease interest rates next month.
US stock market early trading | The market is betting that the Fed will cut interest rates by 25 basis points in September, and the three major indexes are mixed; kellanova rose more than 7%, the company was acquired by Mars at a premium.
As of press time, the Dow Jones Industrial Average rose by 0.16%; the Nasdaq fell by 0.3%; and the S&P 500 index fell by 0.04%.
USA CPI back to the "2-digit" range! Fed's September rate cut is almost certain?
Although CPI data was lower than expected, the market seemed somewhat disappointed with this data. Did the expectation of a 50 basis point rate cut in September fall through?
U.S. stock market preview: CPI fell for the fourth consecutive month in July, with three major futures indexes slightly down before the market opens; Goldman Sachs: still need to pay attention to retail sales and unemployment benefits data this week.
Kellanova rose over 7% in pre-market trading, and Mars is close to acquiring the company for $83.5 per share; gambling giant Flutter rose over 7% in pre-market trading, with strong performance in Q2 and raised full-year guidance; the USA's mortgage refinancing index has seen the largest increase since 2020, impacted by the decrease in interest rates.
Daily options tracking: Investors buying technology stocks on dips! Options of Nvidia and Tesla are popular; Starbucks's change of leadership leads to a surge in stock price, with one call option profiting 789 times.
Tesla rebounded more than 5% overnight. The options for calls increased for many consecutive days, reaching 63.3%. The most active transactions on the options chain are calls for exercising at 210/205 dollars which expire on Friday. Two large orders both achieved a doubling increase, rising by 200%.
Is the big market coming again at 8:30 tonight? The three-minute essence version will take you to preview the US CPI.
After the last CPI release day caused a major market turning point, will there be another big market trend this time? What preparations do investors need to make?