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US Stocks Set for Rebound as Investors Await Key Inflation Data
2024-07-26 14:59:09
Stocks
Economy

US Stocks Set for Rebound as Investors Await Key Inflation Data

US stocks are set for a rebound as investors eagerly await the release of the June PCE index, the Fed's preferred inflation indicator. This data will influence expectations for rate cuts and test Wall Street's confidence in a September pivot.

The recent sell-off in tech stocks, driven by underwhelming earnings from Big Tech companies, has caused the Nasdaq Composite and S&P 500 to suffer, prompting investors to move from megacaps to smaller cap stocks. However, with easing inflation data and expectations of future rate cuts, US stocks have risen, with the Dow, S&P, and Nasdaq all climbing.

Investors are also preparing for quarterly earnings reports from tech giants Apple, Microsoft, Amazon, and Meta next week. The market is currently contemplating whether the recent sell-off is indicative of sustained lower prices or just a typical bull-market pullback.

Related news on that topic:

Global Markets React to Key Data and Policy Expectations

European and Asian stocks show mixed reactions amid Fed rate cut expectations and tech sector weakness. Despite a Chinese policy easing outlook, the CSI 300 faces its worst week since February. Meanwhile, US GDP growth accelerates, prompting concerns about inflation risks. In the corporate world, Mercedes-Benz reports a 19% earnings drop, while Eni raises profit guidance. Elsewhere, the Nasdaq 100 experiences a tech slump, and the yen gains traction, fueling speculation of a BOJ rate hike. Hong Kong stocks rebound on hopes of Chinese policy easing, with notable gains in various sectors. Amidst uncertainty, the DAX and Wall Street exhibit stability, with Ford facing challenges in the electric vehicle market. Analysts anticipate future US interest rate cuts and identify opportunities in the current market climate.

Stock Markets Tumble Amid Tech Sell-Off and Economic Growth

Global stock markets experienced a significant decline due to concerns over the growth of tech companies. The Nasdaq and S&P 500 saw a sharp decrease, while the Dow Jones remained positive. The sell-off was driven by disappointing earnings from tech giants like Alphabet and Tesla. However, the US economy provided some relief as GDP data showed stronger-than-expected growth in the second quarter. This data suggests that the economy is growing at a faster pace and may support a potential rate cut by the Federal Reserve. The tech sell-off is seen as a healthy market correction, as investors rotate away from overvalued tech stocks driven by AI enthusiasm. As the market normalizes, small-cap stocks are expected to perform well. Despite the volatility in the market, experts remain optimistic about the future, with seasonality indicating more upside potential.

Read 14 more recent news on this topic

The press radar on this topic:

The Street
27. Juli 2024 um 13:45

Stock Market Today: Stocks end mixed as tech bounce falls short TheStreet Daily Newsletter

Finance
Technology
Economy
Updated at 4:35 PM EDT by Rob Lenihan Stocks end mixed Thursday, following from the worst day for the S&P 500 and the Nasdaq in nearly two years, as investors continued to dump megacap tech stocks and pare risky bets in markets all over the world. The Dow Jones Industrial Average finished up 81.20 points, or 0.20%, to finish the session at 39,935.07, the S&P 500 lost 0.51% to 5,399.22, while the tech-heavy Nasdaq slipped 0.93% to end the day at 17,181.72. Adam Turnquist, chief technical strate..
The Street
28. Juli 2024 um 00:47

GDP report jolts Fed soft-landing hopes TheStreet Daily Newsletter

Economy
Finance
Investors face upcoming tests, including PCE inflation data, the jobs report, and earnings from tech giants. While a full-blown 10% correction is unlikely, the market is looking for more, especially from AI-related plays, to justify current valuations.
Yahoo News
26. Juli 2024 um 08:00

2 charts show why the stock market sell-off isn't done yet

Finance
Economy
The article, written by Yahoo Finance reporter Josh Schafer, discusses the recent stock market sell-off, including insights from Truist's Keith Lerner and BMO Capital Markets' Brian Belski. Lerner notes the tech sector's recent outperformance has become "stretched" and needs a "resting period," while Belski views the pullback as a "buying opportunity" based on historical trends.
Yahoo Finance
26. Juli 2024 um 10:19

Nasdaq futures jump as megacaps recover; inflation data in focus

Finance
Economy
Technology
Nasdaq futures jump as megacap tech, chip stocks rebound; investors await PCE inflation data, expect early Fed rate cuts; Deckers Outdoor raises forecast, Dexcom cuts revenue outlook, Baker Hughes beats profit estimates; investors eye U.S. Presidential race with Kamala Harris narrowing gap with Donald Trump; Dow, S&P 500, Russell 2000 futures also climb.
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