END OF AUGUST TRADING: Stock futures were up as the major indices approach the final trading day of August. The S&P 500 and Dow Jones are both up about 1.2% for the month, while the Nasdaq Composite is down nearly 0.5%, facing potential back-to-back monthly losses.
INFLATION GAUGE UPDATE: Wall Street anticipates the latest data on the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index. Expected figures suggest a 0.2% monthly increase in both headline and core prices, aligning with recent trends and potentially supporting a rate cut in September.
RETAIL EARNINGS Recap: Key retailers, including American Eagle, Best Buy, Dollar General, Gap, Lululemon, and Ulta Beauty, released mixed quarterly results. While some, like American Eagle and Best Buy, posted gains, others like Dollar General reported challenges, leaving the retail sector's outlook for the remainder of the year uncertain.
INTEL’S STRATEGIC REVIEW: Intel is exploring strategic options amid struggles in the face of Nvidia's market dominance. The company is considering various paths, including selling off parts of the business, with decisions expected at a board meeting in September.
AIRLINE COST -CUTTING: Airlines, including JetBlue, Spirit, and Frontier, are deferring the delivery of new aircraft to conserve cash. JetBlue estimates this move will save approximately $3 billion, although it may hinder future growth by limiting available aircraft.
INFLATION GAUGE UPDATE: Wall Street anticipates the latest data on the Fed's preferred inflation measure, the Personal Consumption Expenditures (PCE) price index. Expected figures suggest a 0.2% monthly increase in both headline and core prices, aligning with recent trends and potentially supporting a rate cut in September.
RETAIL EARNINGS Recap: Key retailers, including American Eagle, Best Buy, Dollar General, Gap, Lululemon, and Ulta Beauty, released mixed quarterly results. While some, like American Eagle and Best Buy, posted gains, others like Dollar General reported challenges, leaving the retail sector's outlook for the remainder of the year uncertain.
INTEL’S STRATEGIC REVIEW: Intel is exploring strategic options amid struggles in the face of Nvidia's market dominance. The company is considering various paths, including selling off parts of the business, with decisions expected at a board meeting in September.
AIRLINE COST -CUTTING: Airlines, including JetBlue, Spirit, and Frontier, are deferring the delivery of new aircraft to conserve cash. JetBlue estimates this move will save approximately $3 billion, although it may hinder future growth by limiting available aircraft.