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U.S. equity futures rose ahead of the July CPI data release, boosted by strong tech earnings from Super Micro Computer and CoreWeave.
U.S. stock futures rose, poised to snap a two-day losing streak, as investors awaited the release of July's Consumer Price Index (CPI) data. This optimism primarily stemmed from strong earnings reports released yesterday afternoon by cloud services company CoreWeave and server company Super Micro Computer, which reignited market enthusiasm for artificial intelligence-related stocks. Economists expect July's CPI to show a year-over-year increase of 3.4%, down from 3.5% in June. This report is a key data point ahead of next month's Federal Reserve meeting and will influence market expectations for the Federal Reserve's interest rate decisions.
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