Dow, S&P Futures Rise on Tame CPI as AI Stocks Rally; Cisco Slides
US index futures edged higher after a tame CPI report; AI hardware stocks rallied on strong Lumentum earnings, while Cisco and Coherent slid following disappointing results.
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US index futures edged higher after a tame CPI report; AI hardware stocks rallied on strong Lumentum earnings, while Cisco and Coherent slid following disappointing results.
Dow and S&P 500 futures rise, extending record highs, with Dow futures up 0.3% and S&P 500 up 0.4%. Nasdaq-100 futures remained flat, indicating mixed sentiment in tech versus broader market.
Major US indices wavered after Federal Reserve commentary from Kevin Warsh. The S&P 500 slipped into negative territory, while the Nasdaq held a marginal gain.
Tesla shares jumped 3.64% while Nasdaq was down 0.03%; PepsiCo fell 0.34% and Apollo Global lost 2.38%.