Fed Rate Hike Expectations Cool, AI Sentiment Rebounds, Nasdaq Futures Rise, Memory Chip Stocks Rally, Gold Reclaims $4,400
U.S. stock index futures were mixed, with Dow futures down 0.13% and Nasdaq 100 futures up 0.5%. U.S. July retail sales posted their largest decline in over a…
U.S. stock index futures were mixed, with Dow futures down 0.13% and Nasdaq 100 futures up 0.5%. U.S. July retail sales posted their largest decline in over a year, coupled with continued weakening economic data, pushing market expectations for a Fed rate hike in September below 30%. The U.S. dollar index fell for a third consecutive day, approaching its lowest level since May. Spot gold rose 0.78% to $4,409 per ounce.
Original: https://wallstreetcn.com/articles/3779603
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