Stock Market Today: S&P 500, Dow, Nasdaq 100 Futures Gain Amid Cooler June PCE Inflation Data and Slower-Than-Expected Q2 GDP—Apple, Amazon, Coinbase in Focus (UPDATED)
Key takeaways
- Stock futures rose on Friday, with the Dow Jones, S&P 500, and Nasdaq 100 indices advancing, following cooler June PCE inflation data and slower Q2 GDP.
- 1.19%: Dow Jones index gain
- 1.66%: S&P 500 index gain
- 2.78%: Nasdaq Composite index gain
What happened
Stock futures rose on Friday, with the Dow Jones, S&P 500, and Nasdaq 100 indices advancing, following Thursday's higher close.
Why it matters
The gains came after the release of cooler June PCE inflation data and slower-than-expected Q2 GDP, which may indicate a potential slowdown in inflation and economic growth.
Short-term and longer-term
Short-term. The market reaction to the cooler June PCE inflation data and slower Q2 GDP may impact the performance of stocks such as Apple, Amazon, and Coinbase.
Longer-term. The cooler June PCE inflation data and slower Q2 GDP may indicate a potential shift in investor sentiment, with some investors potentially becoming more optimistic about the economic outlook.