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US stocks rise as July CPI cools and AI-linked earnings lift tech

AI Market Summary
July US CPI cooling (headline 3.4% y/y, core 2.5% y/y) eased inflation pressure and lowered implied odds of a September Fed hike to 39% from 51%, supporting Treasuries and lifting risk appetite. Equities strengthened, led by AI and semiconductor exposure after upbeat guidance from CoreWeave and Super Micro, with broad chip names higher. Lower yields and strong Q2 earnings momentum reinforce the near-term bid for US equities.
Impact level
● High
Affected assets
NCSISP5002USD/USDT+0.28%
AI Insight · NCSISP5002USD/USDTAI Insight
▲ Bullish
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US July CPI rose 3.4% year on year, down from 3.5%, while core CPI eased to 2.5% with moderate monthly gains. The inflation data came in softer than the prior reading, pushing markets to price a lower probability of a Fed rate hike in September, falling to 39% from 51%. Risk sentiment improved, lifting the S&P 500 and Nasdaq 100 alongside a rise in Treasury prices.