© Reuters
Investing.com – Before the market opened on Monday (7th), U.S. stock index futures rose slightly, Dow futures rose more than 100 points, investors waited for the U.S. CPI data later this week, especially last week’s non-farm payrolls report was mixed .
On the other hand, Fed officials are also divided on future policy. Fed Governor Michelle Bowman said before the market opened that she expected further rate hikes may be needed to bring inflation down to target.
She also pointed to support for the latest rate hike last month as inflation remained too high and job gains and other signs of economic activity showed the economy continued to expand at a “moderate pace.”
However, Atlanta Fed President Raphael Bostic said on Friday that job growth in the U.S. is slowing in an orderly manner and further interest rate hikes are unnecessary. He said the economy is expected to slow in a fairly orderly manner and that the Fed is on track to return to its 2 percent inflation target, which can be achieved as long as current interest rates are maintained for a long time.
As of 21:03 Hong Kong time (09:03 am Eastern Time), Investing.com US stock prices showed that the stock market rose 126.9 points; rose 0.45%; rose 0.55%.
Individual stocks before the market opens
Apple (NASDAQ: ) rebounded 0.3% after falling 4.8% on Friday (4th) after Apple released a disappointing iPhone sales report and Rosenblatt downgraded Apple to neutral from buy.
Warner Bros. Discovery (NASDAQ: ) rose 1.1 percent after the company’s “Barbie” film grossed more than $1 billion worldwide in just 17 days of release.
Tyson Foods (NYSE: ) tumbled 7 percent after the company’s third-quarter revenue fell short of expectations and consumers cut back on meat amid persistently high inflation.
Private equity firm KKR (NYSE: ) rose 1.7 percent after the company reported a 23 percent decline in the second quarter, although the decline was smaller than expected.
Sovos Brands (NASDAQ: ) rose 25% after Campbell Soup (NYSE: ) fell 1.7% after Campbell announced it would buy Sovos Brands for $2.33 billion.
Berkshire Hathaway (NYSE: ) rose 1.6% after Berkshire Hathaway reported its highest-ever quarterly operating profit.
US trucking company Yellow (NASDAQ: ) fell more than 40% after the company filed for bankruptcy protection.
Cinemark (NYSE: ) rose 0.9% after Morgan Stanley said the blockbuster hits of “Barbie” and “Oppenheimer” could boost Cinemark’s stock by more than 35%, and maintained its Overweight rating on Cinemark.
Tesla (NASDAQ: ) fell 0.62%. FAANMG rose less than 1%.
Chinese stocks
Chinese concept stocks did not fluctuate much, and China Concept Internet ETF KraneShares CSI China Internet (NYSE: ) rose 0.52%.
Daily Fresh (NASDAQ: ) continued to rise by 40%, and rose by 280% last Friday (7th), after obtaining approximately US$27 million in financing.
other markets
financial report
Before the market opens: BioNTech SE (NASDAQ: ), Sohu.Com Inc (NASDAQ: ).
收市後：Palantir Technologies Inc (NYSE:)，Lucid Group Inc (NASDAQ:)，Skyworks Solutions Inc (NASDAQ:)，Five9 Inc (NASDAQ:)，Shockwave Medical Inc (NASDAQ:)，Beyond Meat Inc (NASDAQ:)。
Full earnings report today at Investing.comEarnings Calendar。
Economic Data and Events
20:15 HKT (08:15AM ET)
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For more economic information, please visit Investing.comeconomic calendar。
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Compiler: Liu Chuan
2023-08-07 13:08:33
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