AI-driven outlook from ASML lifts futures as earnings season begins
TL;DR Summary
US stock futures edged higher after ASML lifted its annual sales forecast on AI demand and announced a 30% capacity increase, helping lift tech shares and broader sentiment ahead of key inflation data and Fed remarks. S&P 500 futures rose about 0.2% and Nasdaq futures about 0.5% as investors await the Producer/Consumer Price indices and the Fed Beige Book, plus Warsh’s Senate testimony. Earnings from Morgan Stanley and BlackRock are on deck, with Johnson & Johnson and United Airlines also reporting; wholesale inflation cooled more than expected, fueling rate‑cut hopes while oil prices climb amid geopolitical tensions.
- Stock market today: Dow, S&P 500, Nasdaq futures extend gains ahead of earnings, wholesale inflation data Yahoo Finance
- Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline CNBC
- Wholesale inflation improved as energy prices fell last month — but relief may be temporary CNN
- Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJ
- US Producer Prices Rise at Slower Pace as Core Gauge Decelerates Bloomberg.com
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