Stock Market Today: S&P 500, Dow Futures Rise, Nasdaq Falls as July Inflation Cools—Cisco Systems, Netflix, Applied Materials in Focus (UPDATED)
Key takeaways
- The S&P 500 and Dow futures rose, while the Nasdaq fell, as July inflation cooled, with Cisco Systems, Netflix, and Applied Materials in focus.
- S&P 500 corporate earnings to grow by 11.6% annually over the next five years
- 10-year Treasury bond yielded 4.67%
- two-year bond was at 4.17%
What happened
The S&P 500 and Dow futures rose, while the Nasdaq fell, as July inflation cooled. Cisco Systems, Netflix, and Applied Materials were in focus. BlackRock maintained an optimistic outlook for U.S. equities, citing strong corporate earnings and a favorable macro backdrop.
Why it matters
The market reaction to July inflation data and corporate earnings reports from major tech companies like Cisco Systems and Netflix will impact investor sentiment and guide market direction. BlackRock's optimistic outlook for U.S. equities suggests a continued upward trend, but economic headwinds and inflation risks…
Short-term and longer-term
Short-term. The market reaction to July inflation data and corporate earnings reports from major tech companies like Cisco Systems and Netflix will impact investor sentiment and guide market direction.
Longer-term. The market reaction to July inflation data and corporate earnings reports from major tech companies like Cisco Systems and Netflix will impact investor sentiment and guide market direction.