U.S. stock futures edge higher before Thursday open
U.S. stock futures are modestly higher as traders weigh cooling inflation data, July PPI due at 8:30 a.m. ET, and ongoing Middle East geopolitical tensions.
S. stock futures are showing modest gains heading into Thursday morning as Wall Street digests cooling inflation data against the backdrop of a prolonged geopolitical impasse in the Middle East. The Polymarket (CRYPTO: POL) crowd is leaning bullish for the Aug. 13 trading session.
” contract currently reflects a 61% chance of a higher open. Why That Number Matters Traders are balancing optimistic inflation momentum against lingering geopolitical frictions: Mixed Index Futures: Equity futures are pointing to a slightly positive open. 14%. 01%.
S. has “total control” over the Strait of Hormuz, the Persian Gulf Strait Authority stated the waterway remains blocked until Iran’s conditions are met. S. West Texas Intermediate crude traded around $83 a barrel.
5%. m. ET. The Bull Case and Market Outlook The lack of inflation pressure from higher energy prices is fueling optimism that further inflation drops are coming, according to market commentator Louis Navellier, who noted this trend helped push interest rates lower.
S. 66%. The AI theme also remains robust, with strong data center demand lifting stocks like CoreWeave Inc. (NASDAQ: CRWV ), Super Micro Computer Inc.
(NASDAQ: SMCI ), and Lumentum Holdings Inc. (NASDAQ: LITE ). Investors are now bracing for Thursday’s earnings reports, with Applied Materials Inc. com Inc.
(NASDAQ: JD ) scheduled to report. How the Previous Bet Played Out: The Aug. 12 Polymarket contract resolved “Up”. The contract recorded $43,784 in total trading volume.
Read Also: Exclusive: Scott Bessent Says K-Shaped Economy Is Over, but Wall Street Veteran Says Wealth Divide Is Worsening: ‘50% of Americans Own No Stocks and Are Getting Left Behind’ Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Photo courtesy: Shutterstock