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🖥️STOCK FUTURES STEADY AHEAD INFLATION

🖥️STOCK FUTURES STEADY AHEAD INFLATION

Day: 11 | Time: 02:50:13 US stock futures remained steady on Thursday as investors prepared for a key inflation report that could solidify expectations of a Federal Reserve interest rate cut in September. In after-hours trading, Costco Wholesale gained 2.5% after increasing its membership fee, while WD-40 Company rose 12.5% on strong quarterly results. In regular trading on Wednesday, the S&P 500 and Nasdaq Composite reached new all-time highs, gaining 1.02% and 1.18% respectively. The Dow Jones also gained 1.09%, reaching a seven-week high. AI-related stocks led the charge, with strong gains from Nvidia (2.7%), AMD (3.9%), and Micron Technology (4%). Other major tech companies also saw increases, including Apple (1.9%), Microsoft (1.5%), and Alphabet (1.2%). Federal Reserve Chairman Jerome Powell stated that the central bank will not wait for inflation to reach 2% before cutting interest rates and noted that the US economy is no longer overheating.