Futures Gains as August CPI Meets Expectations at 0.4% MoM and 3.4% YoY
US stock futures indicated a positive opening on Friday, with the Dow Jones and S&P 500 futures both rising ahead of August inflation data. Investors are anticipating the Consumer Price Index (CPI) report, with economists expecting headline inflation to increase month-over-month due to energy prices, while core CPI is projected to remain steady. The Federal Reserve's September meeting is seeing markets price in a 67.1% likelihood of an interest rate hike.
The upcoming inflation data will be a key indicator for the Federal Reserve's next monetary policy decision, potentially influencing market sentiment and interest rates.
The episode also covers Oracle's stock surge following strong earnings, Adobe's performance despite mixed results, Restoration Hardware's mixed fiscal report, Copart's acquisition of ACV Auctions, and Rocket Lab's latest rocket launch.
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