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The S&P 500, Nasdaq and Dow rose after the Commerce Department said August PCE increased 3.4% year on year, below expectations. Traders cut bets on an October rate hike, while Boeing, Moderna and HPE moved on company-specific news.
The White House is weighing a new round of tariffs on chips, according to LiveSquawk’s US briefing.
Salesforce shares rose 11.2% to $228.55 premarket after the company reported second-quarter revenue of $11.35 billion and adjusted EPS of $5.90, both above estimates, and lifted FY27 guidance.
Bank of Korea delivered a back-to-back rate increase to 3.00%, following calls from BoJ Deputy Governor Himino for a timely rate hike amid slowing China industrial profit growth.
HP reports higher revenue and profit, driven by AI PC and Windows 11 demand. Strong quarterly results
HP reports Q2 earnings above estimates, but lowers full-year outlook due to memory cost pressure. This may impact tech sector stocks.