S&P 500 and Dow seen opening higher as Brent slides 2.2% and July PPI comes in below forecasts
AI Market Summary
US equity futures are firmer as a 2.2% pullback in Brent eases inflation and input-cost concerns while July PPI printed below expectations (4.7% vs 4.9%). Rates markets now assign a higher probability to the Fed holding policy steady, supporting risk assets. Nasdaq sentiment is additionally underpinned by strong AI-linked earnings, though dispersion is evident with Cisco weaker and Dell/HP stronger.
Impact level
● Medium
Affected assets
NCSISP5002USD/USDT-0.29%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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S&P 500 and Dow Jones Industrial Average futures pointed to a higher open on Thursday, supported by a drop in oil prices and a softer-than-expected producer price reading. Brent crude fell 2.2%, ending a six-day rally as investors weighed weaker global demand expectations against elevated U.S. inventories. U.S. July PPI rose 4.7% year on year versus estimates of 4.9%, lifting the implied odds of the Federal Reserve holding rates steady to 65%, according to futures pricing. The Nasdaq rebounded on AI-related earnings, while Cisco fell and Dell and HP rose.
