**U.S. Stock Market Overview on Recent Performance**
The S&P 500 Index is up 0.25%, the Dow Jones Industrial Average has increased by 0.07%, and the Nasdaq 100 Index has seen a rise of 0.85%. Positive earnings reports from CoreWeave and Super Micro Computer have fueled these gains, with the stock price of CoreWeave surging over 18% after forecasting $3.45-3.60 billion in revenue for Q3.
Today’s U.S. Consumer Price Index (CPI) report for July indicated a year-on-year inflation rate of 3.4%, down from June’s 3.5%. The core CPI also decreased to 2.5% from 2.6%. This easing led to a reduced probability of a rate hike at the upcoming Federal Open Market Committee (FOMC) meeting, now assessed at 39%, down from 51%.
In terms of corporate earnings, the S&P 500 is projected to experience nearly 32% earnings growth in Q2, considerably higher than the expected 23%. So far, 85% of 446 S&P 500 companies reporting have surpassed earnings estimates.
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