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Market Cools as Nvidia’s Blowout Earnings Fail to Ignite Futures

  U.S. stock futures were mixed Thursday morning as investors digested Nvidia’s latest blockbuster earnings—results that impressed on paper but didn’t translate into broad market enthusiasm. Dow futures edged slightly higher, while S&P 500 and Nasdaq futures hovered near the flatline, reflecting a cautious mood across Wall Street. Nvidia delivered strong beats on quarterly revenue and profit, along with guidance that topped expectations. Despite the stellar numbers, the stock’s initial surge faded as traders questioned whether the AI boom can continue delivering outsized returns. Shares ultimately pared gains to under 1% in early trading. The broader market’s hesitation stems from growing concerns about the sustainability of heavy AI investment. Salesforce’s weaker outlook added to the uncertainty, dragging software shares and reinforcing fears that not all tech giants will benefit equally from the AI wave. Meanwhile, geopolitical tensions—including renewed U.S.–Iran nuclea...
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Inflation Eases in May as Consumer Prices Rise at Slower Pace

 

A closely-watched report on U.S. inflation showed consumer prices cooled during the month of May, according to the latest data from the Bureau of Labor Statistics released Wednesday morning. Here are the key points:

  1. Consumer Price Index (CPI) Trends:

    • The CPI remained flat over the previous month.
    • Prices rose 3.3% over the prior year in May, which is a deceleration from April’s 0.3% month-over-month increase and 3.4% annual gain in prices.
    • Both measures beat economist expectations.

  2. Factors Contributing to the Slowdown:

    • A decline in energy prices, led by a drop in gas prices, contributed to further downward pressure on headline CPI.
    • On a “core” basis (excluding volatile food and gas costs), prices in May climbed 0.2% over the prior month and 3.4% over last year — cooler than April’s data.
    • Again, both core measures exceeded economist estimates.

  3. Federal Reserve Implications:

    • The inflation report arrives just ahead of the central bank’s policy decision at 2 p.m. ET.
    • Investors are closely watching this data point to shape future Federal Reserve interest rate policy.

In summary, while inflation remains a concern, the May data suggests a moderation in price increases. The Federal Reserve’s response will be crucial in navigating the economic landscape.


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