Beat the street: Key May US inflation data in line with expectations; Nike; Trump vs Biden
US stocks are expected to open higher after a key inflation reading was broadly in line with expectations in May. Trump-related stocks rise in premarket after first presidential debate.
Plus, Nike forecasts a surprise drop in fiscal 2025 revenue.
(AI Video Summary)
US election impacts on stocks
Angeline Ong from IGTV discusses key market dynamics ahead of the trading session in "Beat the street", focusing on the PCE data, US election impacts on stocks, and notable corporate forecasts like Nike's unexpected revenue drop for fiscal 2025. The PCE print, closely monitored by the Fed, showed slightly higher personal income but aligned core PCE numbers. Markets showed minimal immediate reaction, maintaining previous trends.
NVIDIA and Tesla shares
Market watchers are also keeping an eye on major stocks like NVIDIA and Tesla, significant forex pairs, and upcoming key U.S. and global elections, which could influence market volatility and investment decisions.
Additionally, significant corporate updates and international economic indicators are gearing up to potentially stir market trends and investor strategies.
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