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U.S. equities slipped as August payrolls of 162,000, far above the 55,000 consensus, pushed traders toward a higher Fed-rate path. Chips outperformed while software, retail, gold and bitcoin weakened.
The S&P 500 and Russell 2000 set fresh highs as July CPI rose 0.1% and 3.4% annually, PPI was flat, and retail sales fell 0.6% versus a 0.1% consensus gain.
US CPI comes in at 0.1% vs 0.1% consensus, with core CPI at 0.2% vs 0.2% consensus
SMCI highs ah
The Nasdaq 100 officially slipped into correction territory on Tuesday, falling more than 10% from its early June record high as the AI-driven sell-off deepened on mounting concerns over rising competition from China. The memory sector has been at the heart of July’s rout. SanDisk Corp. (NASDAQ: SNDK ) — the S&P 500’s
examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories. U.S. stocks finished the week on a strong note, with the Dow Jones Industrial Average climbing to fresh record highs as investors rotated into industrials and other value-oriented sectors. The S&P 5