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CVU News30 articles
ASX 200 Set to Open Lower as Oil Rally Wanes, CPI and RBA Speech in Focus
ASX 200 futures fell 0.3% on Tuesday as the oil-driven rally ran out of steam, with investors turning to June inflation figures and RBA Governor Bullock's speech for direction.
Dow's IBM Drag Masks Broad Market Rally on Cool CPI
IBM's $75.61 decline cut about 449 points from the Dow, but broader markets rallied as June CPI fell 0.4%, easing inflation concerns.
June CPI Drop Lowers Odds for 3.8% Social Security COLA in 2027
June's CPI drop lowers the probability of a 3.8% Social Security COLA for 2027, with the current Q3 average pointing to a 3.1% increase. The gap represents an $11.6 billion annualized difference in federal spending.
June CPI Cools, Dents Fed Rate Hike Odds; Real Yields Pressure Stocks
June CPI fell 0.4%, the largest drop since April 2020, reducing July rate hike odds to 10%. Treasury yields declined but real yields rose, indicating persistent inflation worries.
Nasdaq Futures Surge on Soft CPI, but Energy Drop Masks Underlying Inflation
Nasdaq futures rose 1.38% after June CPI fell 0.4%, the largest monthly drop since April 2020, but energy contributed most of the decline. IBM shares tumbled 22% on disappointing preliminary Q2 revenue.
Housing Costs Ease, Fueling Fed Rate Cut Bets in June CPI
June CPI fell 0.4% as energy prices plunged, but housing costs rose just 0.1%, the smallest gain in over five years, signaling underlying inflation relief for the Fed.
Nasdaq Surges on Softer CPI as Dow Stalls Under IBM's Weight
Nasdaq 100 futures rose 1.38% after a softer June CPI report, while Dow futures barely budged due to IBM's 22% plunge. JPMorgan and Wells Fargo beat earnings estimates but faced headwinds from higher costs.
Mexican Peso Holds Near 17.50 as Oil Plunge Precedes US CPI Data
The Mexican peso trades near 17.50 per dollar as Brent crude slides nearly 14% ahead of US CPI data. Wide yield spreads support the currency, but risks from geopolitical tensions and US rate expectations remain.
SoundHound AI Short Interest Hits $1.08B as CPI Data Looms
SoundHound AI's short interest climbed to 41.3% of its float, worth $1.08B, as investors await CPI data and earnings season.
June CPI Data Set to Test Wall Street's Fragile Optimism
The June CPI report, Fed testimony, and bank earnings will test the S&P 500's rally. Lower gas prices may ease headline inflation, but core inflation and service costs remain sticky.
Palantir Plummets 8.7% in Three Days, Losing $29B in Market Cap Ahead of CPI Data
Palantir shares dropped 8.7% in three sessions, losing $29 billion in market cap, as the stock closed at $126.79 ahead of key CPI data.
Wall Street Braces for Pivotal Tuesday: CPI, Bank Earnings & Fed Testimony Collide
A packed Tuesday morning features June CPI data, earnings from five major banks, and Fed Chair Kevin Warsh's testimony, all within 90 minutes. The VIX remains near its 52-week low, signaling market calm.
SoFi Stock Faces Key $22.41 Level Ahead of CPI, Earnings
SoFi Technologies (SOFI) starts the week at $18.78, with a 19.3% gap to its $22.41 convertible note conversion price, as CPI data and Q2 earnings approach.
KLA Stock Lags Peers as TSMC Earnings, CPI Data Loom
KLA shares lagged behind rivals Applied Materials and Lam Research, with attention turning to TSMC's quarterly results and key U.S. inflation data.
Altria's Dividend Yield Narrows as CPI Test Looms
Altria's dividend yield premium over Treasuries shrinks as inflation data looms, testing the stock's income appeal.
Wall Street Falls as Oil Surge and Hot CPI Reignite Rate Fears
The Dow dropped 1.68% as May CPI rose 4.2% and oil surged on U.S.-Iran tensions, fueling inflation and Fed rate hike fears ahead of the June FOMC meeting.
Dow Slips as CPI Meets Forecasts, Iran Tensions and AI Selloff Weigh
The Dow dropped 0.55% as May CPI matched forecasts at 4.2% YoY, but energy-driven inflation and geopolitical jitters kept markets on edge, with AI stocks like SMCI falling sharply.
U.S. Stock Futures Decline as CPI and Iran Tensions Heighten Fed Uncertainty
U.S. stock futures dropped premarket as investors awaited May CPI data, expected to show the fastest annual inflation since April 2023, with tech stocks leading declines amid rising oil prices and U.S.-Iran tensions.
Tech Stocks Slide, Oil Surges After US Strikes on Iran; CPI in Focus
US stock futures declined and oil prices advanced following US military strikes on Iran, intensifying a selloff in technology shares. Markets are now focused on Wednesday's inflation data and the anticipated SpaceX IPO.
D-Wave Quantum Tumbles 9% as Speculative Tech Stocks Retreat Ahead of CPI Data
D-Wave Quantum shares dropped nearly 9% as a broad selloff in speculative tech stocks hit the sector, despite strong Q1 bookings. Revenue fell 81% and the company posted an $18.4 million loss.
Tech Selloff Deepens Ahead of CPI, IPOs; Nasdaq Slides 1.2%
U.S. stocks closed mixed Tuesday as a tech bounce faded, sending the Nasdaq down 1.21%. The S&P 500 fell 0.53%, while the Dow edged up. AI and chip stocks were volatile ahead of Wednesday's CPI report and a busy IPO calendar.
Bitcoin Dips to $61K as Traders Eye CPI Data for Fed Clues
Bitcoin fell to near $61,000, down 3%, as traders cut risk ahead of Wednesday's CPI report, which is expected to show 4.2% annual inflation, keeping rate hike fears alive.
Dow Slips as Tech Rebound Skips Blue Chips; Focus on CPI, Energy
The Dow slipped 104 points as a tech-led rally lifted the S&P 500 and Nasdaq, but blue chips lagged. Markets now eye Wednesday's CPI data and Middle East energy risks.
Chip Stocks Surge on Intel-Google Deal, Nasdaq Jumps Ahead of CPI
Chip stocks bounced back Monday, with Intel surging 8.5% on reports of a Google chip deal, powering a 1.43% Nasdaq gain ahead of Wednesday's key inflation data.
POET Technologies Plunges 23% as AI Chip Selloff Intensifies Ahead of CPI Data
POET Technologies shares plunged 23% Friday, ending the week 3.5% lower, as investors fled AI and semiconductor stocks ahead of key inflation data.
Nasdaq Futures Recover on Tech Buying Despite Hot CPI Data
Nasdaq 100 futures rebounded 0.82% premarket as chip stocks rallied on China visit hopes, but April CPI rose 0.6% month-over-month, keeping the Fed's tightening bias intact.
Dow Drops 298 Points as Hot CPI and Surging Oil Pressure Markets
The Dow dropped 298 points to 49,406 after April CPI rose 3.8% and oil surged above $100, curbing bets on Fed rate cuts. Goldman Sachs and Caterpillar led declines.
CPI Surge and Oil Spike End Wall Street's Record Rally
U.S. stocks retreated Tuesday after a hotter-than-expected April CPI report and a surge in oil prices to $107.72 halted Wall Street's record run. Markets now price zero Fed rate cuts in 2026.
Nasdaq Slides as Hot CPI Data Dents Rate Cut Hopes
U.S. stocks fell Tuesday after April CPI rose 0.6%, exceeding forecasts. The Nasdaq dropped 0.6% as energy costs surged and Treasury yields climbed, dampening hopes for Fed rate cuts.
Nasdaq Futures Dip as Oil Surge and CPI Data Test Wall Street Records
Nasdaq 100 futures fell 0.68% early Tuesday as traders braced for April CPI data and oil prices surged, threatening Wall Street's recent record highs. Goldman Sachs pushed its rate cut forecast to December.