US Markets: Uncertainty Continues with Inflation Data

Mixed Trend in US Markets

US stock futures continue to fluctuate between gains and losses today following a mixed closing yesterday. The futures of major benchmark indices are experiencing a complex trend.

Trump's Trade Agreement

US President Donald Trump announced a trade agreement signed with Indonesia, stating that it provides US businesses access to the Southeast Asian market. There have been comments that this agreement marks an important turning point for American aviation and energy companies.

Inflation Data Affecting Markets

Markets evaluated the Consumer Price Index (CPI) report for June released yesterday. The data revealed that inflation in the US increased for the second consecutive month. The headline consumer price index rose by 2.7% year-on-year in June, reaching its highest level since February. However, core inflation, excluding food and energy, was recorded at 2.9%, below the 3% expectation.

Stock Performance

The Dow Jones index closed down 436 points (approximately 0.98%) at 44,023.29 points. The S&P 500 index also retreated 0.40% to 6,243.76 points. In contrast, the Nasdaq Composite rose by 0.18% to reach 20,677.80 points. The small-cap index Russell 2000 fell by 1.99%, closing at 2,205.05 points.

Mixed Financial Reports from Major Banks

The movement of the markets was influenced by the mixed financial reports from major banks. Wells Fargo (WFC) reported second-quarter earnings above expectations, while JPMorgan Chase (JPM) also presented a positive report. However, information technology stocks challenged the broader market decline, while finance, materials, and healthcare stocks experienced significant losses.

Upcoming Data Anticipated

Louis Navellier stated that the CPI report did not impact the market, and the Producer Price Index (PPI) set to be released on Wednesday will provide more information. Economist Ed Yardeni emphasized that the June CPI report indicated that inflation is now below the Fed's 2% target.

Company Forecasts and Stock Movements

ASML Holding NV (ASML) stocks lost value in pre-market trading after announcing it could not confirm its growth potential for 2026. On the other hand, Graphjet Technology (GTI) shares rose after the company's CEO announced plans to get rid of debt.

Another development that caught investors' attention was that BTCS (BTCS) shares reached a market value of $96.3 million in crypto and cash. Nuwellis (NUWE) shares gained value due to important patent news for liquid management technology.