Anthropic Targets $2 Trillion Record IPO: 8 Key Items Shaping the Stock Market Thursday
Cisco and Cerebras shares fall, Lenovo’s server demand soars and other headlines moving the market today.
These are the early headlines and other items poised to influence the market at the start of the trading day. As we share this collection of market drivers, U.S. equity futures point to a positive start to the trading day. Given the timing of Thursday’s July PPI report, you will want to revisit those equity futures before the market open.
1. Treasuries advanced and stocks traded near record highs as oil prices fell and traders awaited US producer-price data for further clues on the path of Federal Reserve interest rates… Attention later in the day will turn to producer price data, which can serve as a leading indication of consumer inflation. Traders will also be watching the results of a 30-year Treasury auction, with the $25 billion offering tipped to price at the highest interest rate in 25 years… (Bloomberg)
The Strait of Hormuz is “under Iran’s control and management” according to…