Attention to Inflation Data in U.S. Markets: What's Happening?

US Markets Are Mixed

US stock futures are fluctuating between gains and losses today, following a mixed close yesterday. Futures for major index benchmarks reflect the volatile nature of the markets.

Inflation Data Is on the Agenda

The markets are focused on evaluating the Consumer Price Index (CPI) report indicating that inflation accelerated in June, while also paying attention to new developments in trade from the US President. President Trump announced a trade agreement with Indonesia, stating it provides significant opportunities for American aerospace and energy firms.

Losses of Major Banks Are Impacting the Market

The stock markets exhibited volatility due to mixed earnings results from major banks. While Wells Fargo (WFC) reported better-than-expected second-quarter results and JPMorgan Chase (JPM) performed well, these positive results didn't reflect across the entire sector.

Technology Stocks Increased

On the other hand, information technology stocks performed well despite broader market declines. The Nasdaq 100 reached new highs, surpassing the 23,000 level, thanks to contributions from chip manufacturers like Nvidia (NVDA).

The Fed's Situation Will Determine Reactions

The wait-and-see approach maintained by Fed Chair Jerome Powell against rising tariffs and his resistance to pressure for interest rate cuts is creating uncertainty in the markets. The Producer Price Index (PPI) scheduled for release on Wednesday will be an important indicator for the coming days.

Activity in Company Stocks

Shares of ASML Holding NV (ASML) declined as it couldn't confirm growth expectations for 2026. Graphjet Technology (GTI) rose after the announcement of its CEO's strategic plan. Additionally, shares of Nuwellis (NUWE) and Data Storage (DTST) increased due to positive developments.

In summary, US stock indices continue to exhibit a volatile trend while keeping an eye on inflation data and the mixed financial situation in major banks.