S&P 500 Hits 1-Month High as Softer June PPI Offsets Chipmaker Slide
AI Market Summary
US risk assets were supported by softer-than-expected June PPI and dovish Williams remarks, pushing rate-hike odds for late July down sharply and lifting the S&P 500 to a one-month high. However, semiconductor and AI-infrastructure weakness dragged the Nasdaq 100 lower despite strong ASML results. China's slightly softer Q2 GDP and escalating US-Iran tensions add cross-currents via growth and energy-risk channels.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.44%
AI Insight · NCSISP5002USD/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
U.S. stocks were mixed after June producer prices rose less than expected, while New York Fed President John Williams said there are “encouraging reasons” to think inflation has peaked. Markets pared expectations for a +25 bp hike at the July 28-29 FOMC meeting to a 12% probability. The S&P 500 reached a 1-month high, even as the Nasdaq 100 fell 0.64% amid broad weakness in chipmakers. Overseas, China’s Q2 GDP came in slightly below expectations, and escalating tensions involving the U.S. and Iran added to geopolitical risk.
