
Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) may be at a crossroads come the September FOMC meeting.
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Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) may be at a crossroads come the September FOMC meeting.

Asian shares were mostly higher Wednesday after U.S. stocks slipped a bit further from their records, while oil prices advanced as doubts persisted over when the war with Iran will allow crude to flow freely again. Samsung Electronics gained 7.7% and memory chipmaker SK Hynix was up 7.1%. The price of a barrel of Brent crude, the international standard, was up 0.9% at $89.67 early Wednesday.

U.S. stock futures are showing modest gains early Wednesday, as investors digest a mix of robust corporate earnings against the backdrop of an intensifying geopolitical impasse in the Middle East and an expected read on U.S. inflation. The Polymarket (CRYPTO:...

<body><p>STORY: U.S. stocks ended lower on Tuesday, with the Dow and S&P 500 each dropping about a third of a percent, and the Nasdaq shedding six-tenths of a percent.</p><p>Investors became more pessimistic about a peace deal with Iran after one of its top officials said the Strait of Hormuz will remain closed as long as the U.S. does not change its behavior and accept Iran's conditions to end the war.</p><p>That kept Brent crude futures near one-week highs.</p><p>Liz Miller is founder and president of Summit Place Financial Advisors.</p><p>"I think investors are certainly frustrated at the back-and-forth communication flow and expectations out of our conflict with Iran. But they're also starting to try to look through this. For the longest time, investors have been saying, 'Even if there was a quick end, we knew that the effects on oil would take many months to unfold.' And so it was always about the, you know, the famous words, you know, the duration and the depth of the conflict. And what we're finding out is the depth may not be the problem, but the duration is.”</p><p>Among the day's movers, tech stocks dragged, with Amazon dipping about 2% and Alphabet and SpaceX each dropping almost 4%.</p><p>:: Nvidia</p><p>Alternative asset managers rose, with Apollo Global up more than 6% and Blackstone rallying almost 4%. They were among the financial institutions that recently partnered with Nvidia to establish compute-financing platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.</p><p>And shares of Super Micro Computer rose about 9% in extended trading after the server maker forecast fiscal 2027 revenue above Wall Street expectations, betting that strong demand for its AI-optimized servers would fuel another year of growth.</p><p>Investors now turn their attention to inflation readings, due over the next two days, which could be crucial in shaping market expectations on the Federal Reserve's policy path.</p></body>

The Iran war isn't just an energy supply issue any longer.

U.S. stocks slid as negotiations about the future of the Strait of Hormuz remain deadlocked, pushing oil prices up ahead of key inflation data Wednesday. Oil futures rose $1.07, or 1.3%, to $83.20 a barrel, amid signs that the Middle East conflict may escalate again. The yield on the 10-year Treasury note declined 0.014 percentage point to 4.683%.

The major market indexes pulled back amid higher oil prices and upcoming CPI inflation data. Nvidia partners Lumentum, CoreWeave, Super Micro reported late.

Technology stocks slipped again on Tuesday, as markets continued to trade sideways in the lead up to this week’s inflation reports. The Nasdaq Composite fell 0.6%. Brent crude oil futures rose 1.4% to $88.91 a barrel as the will-they-won’t-they between the U.S. and Iran continued to drag on global markets.
Federal Reserve Bank of Chicago President Austan Goolsbee warned that rapid inflation poses a greater challenge to the U.S. economy than labor market softening.
Oil prices bounced around in choppy trading and stock markets were little changed Tuesday as investors awaited a key inflation report and weighed progress on re-opening the Strait of Hormuz. "But rising crude oil prices... and further delays in reopening the Strait of Hormuz, have introduced fresh inflation risks."
The stock market was on the road to nowhere on Tuesday. The Dow Jones Industrial Average and S&P 500 were flat. The Nasdaq Composite was down slightly. The S&P hit a fresh closing high on Friday and ran out of gas.
Futures for the Dow Jones Industrial Average and the other major stock indexes traded higher Tuesday, after it was reported the U.S. and Iran had reached "some sort of an arrangement" for a peace deal.
Investing.com - U.S. stock futures were little changed on Tuesday, as fading hopes for a deal to reopen the Strait of Hormuz kept oil prices elevated, while investors looked ahead to key U.S. inflation data for fresh clues on the Federal Reserve’s interest rate path.
Ahead of the bell The Nasdaq is expected to lead a tentative recovery on Wall Street when trading gets underway, with investors on edge ahead of the release of July CPI data tomorrow. Nasdaq futures point to a 0.3% gain, S&P 500 futures are up 0.2%, and Dow futures are 0.1% higher. The...
Uncertainty regarding the opening of the Strait of Hormuz and a peace agreement between Iran and the U.S. weighed on sentiment, as Trump said Iran would need to pay compensation before any deal could be agreed.
Stocks looked set to struggle for direction on Tuesday as investors continued to worry about inflation, with no end in sight to the conflict in the Middle East. Dow Jones Industrial Average futures slid 64 points, or 0.1%. Nasdaq 100 futures ticked up 0.1%.
The Fed chair and his Federal Open Market Committee (FOMC) colleagues can influence lending rates without formally changing the federal funds target rate.
Intel’s stock dropped 4%, weighing on the Nasdaq after announcing a $15 billion stock offering.

<body><p>STORY: U.S. stocks closed lower on Monday, with the Dow and S&P 500 dipping marginally, and the Nasdaq shedding about a third of a percent.</p><p>Investors became less confident about a deal to reopen the Strait of Hormuz, which sent U.S. crude prices up about 5% to settle at more than $82 a barrel.</p><p>Heightened energy prices have spurred inflation worries and led to concerns that central banks would have to raise interest rates. </p><p>Ryan Isherwood is founder and chief investment officer of Significance Capital Management.</p><p>"Generally speaking, you know, inflationary signs are a reason for investors to take a little bit of a pause — just, you know, take inventory of where things came from. And we think that's just causing, you know, a little bit of normal digestion, if you will, from the recent strong rally."</p><p>:: Intel</p><p>Also weighing on the market were shares of Intel, which fell about 4% after the chipmaker said it was planning to raise $15 billion through a share sale.</p><p>:: Nvidia</p><p>And shares of Nvidia dropped roughly 3%. A person familiar with the matter told Reuters on Monday that a group of financial firms, including Apollo Global and Blackstone, is working with Nvidia to put together a $500 billion funding package for AI infrastructure development.</p><p>And shares of Rocket Lab, down more than 3% at the close, fell further in extended trading after the aerospace company forecast third-quarter gross margin below Wall Street expectations, as sales of lower-margin satellite platforms are set to make up a larger share of its business.</p></body>
U.S. stocks fell as Iran’s refusal to reopen the Strait of Hormuz caused another spike in oil prices and inflation fears.
Investors awaited earnings and key inflation data as the major indexes traded within reach of all-time highs.
Stocks looked set to rise on Monday as investors’ focus shifted to inflation, with this week’s consumer-price report print likely to help determine if the Federal Reserve can stick to its guns by not hiking interest rates in September. Nasdaq 100 futures rose 0.4%. Dow Jones Industrial Average futures slipped 30 points, or 0.1%.
The evolution of Trumpflation points to a longer-lasting adverse impact on consumer prices.
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