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.
Technology faith is back! Nvidia led the charge with a four-day surge of more than 17%, who else is the strongest rebound king?
Data shows that Nvidia contributed about 22% of the same period S&P 500 index's increase, more than twice the contribution of any other single stock's increase.
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%.
Market pricing: USA's recession probability is increasing, Goldman Sachs: 41%, JPMorgan: 31%.
Although the signals from the stock market indicate that there is only a 20% possibility of an economic recession, if the next economic data continues to be weak, the stock and credit markets may experience a significant decline, in sync with the bond market.
Is the Market Bottom Here? Will the S&P 500 Break Down Further? [Video]
There may be significant changes in the Federal Reserve after tonight!
Tonight's CPI may mark a significant shift in focus for the Federal Reserve's work!