A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., Aug. 24, 2026.
Brendan Mcdermid | Reuters
Stock futures were little changed Wednesday ahead of the release of key U.S. inflation data along with Nvidia’s latest quarterly results
S&P 500 and Nasdaq-100 futures were down 0.1% and 0.2%, respectively. Dow Jones Industrial Average futures added 6 points, or 0.01%
The major averages are coming off a winning session, boosted by falling yields and lower oil prices. The S&P 500 gained 0.3% in regular trading, while the Nasdaq Composite advanced 0.7%. The Dow climbed 160.24 points, or 0.3%, its third consecutive positive day
July’s personal consumption expenditures price index, a monthly report detailing changes in prices of goods and services and the Federal Reserve’s preferred metric of inflation, is set to be released on Wednesday at 8:30 a.m. ET
Economists polled by Dow Jones expect a month-over-month increase of 0.1% and a year-over-year increase of 3.6%. In June, the report noted a decrease of 0.1% on a monthly basis and a 3.7% increase in an annual basis
The report comes with the bond market in focus. U.S. Treasury yields hit multiyear highs last week, with the 30-year bond rate reaching levels not seen in nearly 20 years. However, yields fell broadly on Tuesday, with the 10-year yield losing almost 8 basis points on the day
Nvidia, Jackson Hole ahead
Nvidia is set to report its earnings for the second quarter on Wednesday after the bell. Wall Street projects earnings per share of $2.09 on $92.28 billion in revenue
The report could be a bellwether for the broader market, given the chipmaker is the largest S&P 500 member, with a market cap of more than $5 trillion
Investors are also eyeing Federal Reserve Chairman Kevin Warsh’s speech on Friday at the Fed’s annual symposium in Jackson Hole, Wyoming. Though, some have noted Warsh could remain tight-lipped ahead of the Fed’s monetary policy decision ahead of September
“Given his approach to the June and July press conferences, we think it is unlikely that he would move straight to a deep dive into the current economic outlook and its implications for policy over the balance of 2026. Instead, we expect him to spend the bulk of his remarks on big-picture themes with an emphasis on the supply side and on how these topics will be addressed by the Task Forces,” Piper Sandler’s head of central bank policy Kurt Lewis wrote to clients
2 Hours Ago
Haidilao shares jump as delivery growth and new restaurant brands boost outlook
Shares of Chinese hotpot chain Haidilao International rose 7% in Hong Kong on Wednesday, after the company’s first-half results revealed delivery revenue more than doubled
The results, released on Tuesday, showed Haidilao’s revenue rose 7.9% year-on-year to 22.34 billion yuan ($3.32 billion) in the six months to June, while core operating profit, a non-IFRS measure, rose 4.4% to 2.51 billion yuan
3 Hours Ago
Ambu shares drop 17% on guidance cut
Copenhagen-listed shares of Ambu were 17.6% lower in morning European trade, after the Danish health-care company cut its full-year growth guidance to around 10%, from 10% to 12% previously
European banks remained solid performers, with the sector up 1.5%
In a Wednesday note, Citi analysts said they remained overweight on the region’s banks, but that they appeared “closer to the end of the current bull run” as earnings per share upgrades broaden to other sectors.Â
3 Hours Ago
Asia-Pacific markets end the day mixed
Asia-Pacific markets closed mixed on Wednesday
Japan’s Nikkei 225 added 0.62% to end the trading day at 66,262.16, while the Topix added 0.42% to 4,111.02
South Korea’s Kospi was up 0.97% to 6,808.21 but the small-cap Kosdaq closed little changed at 826.87
Australia’s benchmark S&P/ASX 200 was 0.4% lower, ending the trading day at 9,127.8
China’s CSI 300 added 0.85% to 4,590.79
— Lee Ying Shan
4 Hours Ago
European stocks open mixed as oil and gas shares retreat
Europe’s stock markets were mixed at Wednesday’s open, with the regional Stoxx 600 up 0.08% as the pan-continental index looks set to secure its fifth straight winning month
Oil and gas stocks dropped 1.2% as crude oil futures fell more than 2% on the potential for a deal between Iran and Oman to secure a safe transit route through the Strait of Hormuz
Crude futures also eased on Tuesday as the U.S. shifts its strategy on Iran from military strikes to economic pressure
Elsewhere in Europe, travel, banking and mining stocks were the top performers
Stoxx 600 index.
— Jenni Reid
5 Hours Ago
Temasek-backed investor behind Unitree pitches Singapore as Chinese robots’ path to U.S
Chinese robotics companies shut out of the U.S. by new restrictions on advanced robots can still reach American buyers by building genuine operations in Singapore, according to a Temasek-backed venture firm that counts humanoid maker Unitree Robotics among its portfolio companies
Choon Chong Tay, managing partner at Vertex Ventures China, said startups affiliated with China could still capture the U.S. market by anchoring day-to-day operations, hiring, and control of critical components in the city-state
China-affiliated startups with “substantial content” in Singapore, where they control the chips powering these robots, can address the U.S. market, the Shanghai-based venture capitalist told CNBC on Tuesday
5 Hours Ago
U.S. dollar slightly higher ahead of economic data, Jackson Hole
The greenback nudged higher early Wednesday as investors gear up for the coming inflation print and central bank commentary
The U.S. Dollar Index was up 0.1% at 2:50 a.m. ET, remaining in the narrow range it has traded in for the last week
“It is hard to escape the fact that the second Trump Presidency is delivering a weaker dollar than US economic performance, or Fed policy, would suggest,” Kit Juckes, chief FX strategist at Societe Generale, said in a note Tuesday
“Dollar strength will only return when (if) domestic data turn stronger and put pressure on the Fed to tighten.”
U.S. dollar index.
— Jenni Reid
8 Hours Ago
Bitcoin little changed as short-covering rally fades
Bitcoin was trading flat Wednesday after briefly rise above $81,000 on Tuesday
The cryptocurrency last trading at 78,970. The pullback paused a sharp rally that had pushed bitcoin up more than 20% over three days, its strongest three-day gain since 2023
Ether fell 0.46% to $2,458.22
VanEck’s head of digital assets research Matthew Sigel said bitcoin’s rally had little to do with developments in Washington and was instead driven by renewed concerns about U.S. fiscal and monetary policy
“I would say about 0% of Bitcoin’s move is because of what’s happening in Washington,” Sigel told CNBC’s ‘Squawk Box Asia.’
Sigel said the initial rally was fueled by traders closing bearish positions, meaning further gains would require fresh capital
— Lee Ying Shan
9 Hours Ago
Alibaba shares gain 3% after executive share purchases
Alibaba shares advanced as much as 3% in Hong Kong trading on Wednesday after the Chinese tech giant’s top executives bought shares in the company.Â
Alibaba Chairman Joe Tsai bought another 720,000 Hong Kong-listed shares on Tuesday, after purchasing the same number of shares a day earlier, according to regulatory filings. CEO Eddie Wu also bought 350,000 shares on Monday, a separate filing showed.Â
The purchases come after Alibaba shares plunged 8.5% in Hong Kong on Monday, when the Chinese tech giant priced an 80 billion Hong Kong dollar ($10.20 billion) placement of newly issued shares to non-U.S. investors
— Jenny Lee
10 Hours Ago
Oil falls on easing concerns of renewed tensions as the U.S. pivots to economic pressure on Iran
Oil fell Wednesday, amid easing concerns about military conflict as the U.S. leans toward economic sanctions to pressure Iran
International benchmark Brent crude futures for October delivery declined 2.52% to $86.35 a barrel. U.S. West Texas Intermediate futures for October dropped 2.17% to $80.56 per barrel
“US sanctions on Iran were less severe than anticipated,” said Dan Coatsworth, head of markets at AJ Bell, adding that lower oil prices helped markets to regain some poise as government bond yields eased back from their recent highs
—Justina Lee
10 Hours Ago
SK Innovation shares plunge 16% as company plans to merge battery materials unit
Shares of South Korean energy company SK Innovation plunged as much as 16% Wednesday after the company announced plans to absorb battery materials maker SK IE Technology
SK Innovation said Tuesday in a regulatory filing that it will absorb SK IE Technology in a merger, with SKIET shareholders receiving newly issued SK Innovation shares as part of the deal.Â
The company said the merger was aimed at securing financial stability, reducing business and financial risks, and improving operational efficiency
SK IE Technology was spun off from SK Innovation in 2019
— Jenny Lee
11 Hours Ago
Asia-Pacific markets start trading day mixed
Asia-Pacific markets opened mixed on Wednesday
Japan’s Nikkei 225 fell 0.5%, while the Topix opened flat
South Korea’s Kospi was down 0.12%%, but the small-cap Kosdaq advanced 0.16%
Australia’s benchmark S&P/ASX 200 was 0.34% higher
— Lee Ying Shan
12 Hours Ago
Asia-Pacific markets set for mixed open as U.S.-Canada trade tensions escalate
Asia-Pacific markets were set to open mixed Wednesday as escalating U.S.-Canada trade tensions added to investor caution ahead of a key U.S. inflation report
Japan’s Nikkei 225 was poised to rise, with the Chicago and Osaka futures contract at 65,970, compared with the index’s previous close of 65,856.43
Hong Kong’s Hang Seng index futures were at 25,648, compared with the index’s last close of 25,511.1
Futures for Australia’s S&P/ASX 200 last traded at 9,143 while the index closed at 9,164.6
Canada on Tuesday announced <a href="https://todaytrendnews7.com/canada-announces-dollar-for-dollar-retaliatory-tariffs-on-us-as-high-as-50/" title="Canada announces 'dollar-for-dollar' retaliatory tariffs on US as high as 50%”>retaliatory tariffs against the United States, matching “dollar for dollar” the 50% duties that President Donald Trump imposed over the weekend after a breakdown in trade talks
Ottawa’s new tariffs encompass more than 700 U.S. goods and are worth about $20 billion, mirroring the size of Trump’s latest import taxes on Canadian wine, cement, hockey sticks and more
— Lee Ying Shan
13 Hours Ago
Falling oil prices are bullish for equities
watch now
Lower oil prices could give stocks another lift
“Oil is the next big inflation buster, and so I think this would be very optimistic for equities as we go into the fall and the pre-midterm period,” Nancy Tengler, Laffer Tengler CEO, told CNBC’s “The Exchange.”
“We saw the impact when oil prices receded in the previous month. We saw what it did to inflation, and we had a negative print, and then we had a flat print,” she said
Tengler also remains upbeat on the broader backdrop. She said the economy is strong
“We’re seeing the manufacturing numbers continue to deliver. I think this is a pretty robust period to be focused on stocks,” she said
— Deena Zaidi
13 Hours Ago
Bitcoin isn’t oversold but not overbought yet, says Katie Stockton
watch now
Bitcoin’s rally could have more room to run after clearing a key technical level Katie Stockton
Bitcoin has climbed more than 25% since Stockton turned bullish on the cryptocurrency on Aug. 17, when it was trading around $64,000
Speaking with CNBC’s “The Exchange,” Stockton said bitcoin is not oversold but not overbought yet
“We have obviously very strong short-term momentum and improved intermediate-term momentum now off of these lows,” she said. “Now we all know that bases are often prolonged.”
Stockton said bitcoin now appears to be breaking out of a basing period that began in June
“And now we have what looks to be a base breakout underway. The 200-day moving average was cleared,” she said. The immediate follow through confirmed the breakout, adding conviction that bitcoin is in long-term basing phase and June-July marked the bottom
She is, however, less bullish on gold’s recent rally. Â
“We’re looking for more upside from gold, but we suspect that it will meet resistance, and that maybe it won’t be quite as long-lived as what we expect from bitcoin,” she said. “We have a longer-term oversold reading from bitcoin, and it was a more prolonged down cycle. So we think that it’s had more time to enter that basing phase.”
— Deena Zaidi
13 Hours Ago
Shares for Zoom fall on disappointing guidance
Silas Stein | Picture Alliance | Getty Images
Zoom Communications fell 4% in extended trading after its third-quarter guidance fell short of analyst expectations
For third quarter, the company expects its earnings per share to range from $1.46 to $1.48, short of FactSet’s expectation of $1.50 a share. Similarly, the company’s revenue guidance for the third quarter is at $1.275 billion to $1.28 billion, while analysts sought $1.28 billion.Â
— Ananya Chetia
13 Hours Ago
Stock futures open little changed
U.S. stock futures opened near flat on Tuesday evening
Futures tied to the S&P 500 and the Nasdaq 100 were marginally higher, while Dow futures were off just 2 points at 6 p.m. ET
—Darla Mercado
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