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S&P 500 Futures Edge Higher as Inflation Worries Ease
US stock futures are pointing higher, with E mini S&P 500 contracts up about 0.2% and Dow futures also in positive territory, as softer inflation expectations ease borrowing cost fears. UK gilt yields slipped below 4.9% and US 10-year Treasury yields hover near 4.6%, signaling that rates may not rise as sharply as feared. Purchasing manager indexes across Europe and Japan show services and manufacturing activity just above the growth line. Among top movers, Shopify jumped 16.98% after a strong Q2 report and analyst upgrades, Bending Spoons surged 16.82% on European expansion plans, and Agnico Eagle Mines gained 9.85% on fresh analyst attention. On the downside, Space Exploration Technologies fell 13.61% after posting a quarterly loss, Medline declined 12.79% on weaker year-over-year earnings, and Astera Labs dropped 11.96% following mixed analyst updates. Today's earnings slate includes Cloudflare, Atlassian, Twilio, Roku, Warner Bros. Discovery, Airbnb, Monster Beverage, and Ralph Lauren, while China inflation data due Sunday and Berkshire Hathaway's Q2 results on Saturday are also on the radar.
BSP · Demand · Positive European expansion plans drive growth
Bending Spoons · Demand · Positive European expansion plans drive growth
SHOP · Capital · Positive Strong Q2 report and analyst upgrades boost shares.
AEM · Capital · Positive Fresh analyst attention drives gains.
ALAB · Capital · Negative Mixed analyst updates weigh on shares.
MDLN · Capital · Negative Weaker year-over-year earnings hurt stock.