S&P 500 Index ($ SPX,detective) Today -0.07%is below, Dow Jones Industrial Index ($ Dovi,DIA)) Above +0.05%, and nasdaq 100 index ($ IUXX,Qqqq) Below is -0.30%. September e-mine S&P Fucers (Esu25)) Below -0.03%, and September e -Mini Nasdac futures (Nqu25) Below is -0.26%.
Many top wall street banks suited PPI reports and stocks from positive income results are looking at support today. However, the NASDAQ 100 index chip is decreasing due to weakness in stock, which fell after disappointing guidance from ASML.
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Today, after CBS, the stock also saw some weakness that President Trump on Tuesday asked a group in the House Republican whether he should firing Fed Chair Powell. Many of those MPs said that Mr. Trump indicated that he would proceed with firing. However, the CBS also quoted sources inside the White House, saying that the White House has not yet created a legal place to fire Mr. Powell, which can only be done for the reason. In any case, Mr. Trump has continued the pressure on Shri Powell to resign voluntarily.
Today’s June PPI report was favorable, as both the months and year-to-year figures were better than expected, suggesting that tariff inflation has not yet killed the manufacturer level. The PPI report gave rise to some inflation optimism after Tuesday’s mixed CPI report.
In particular, the June final-demand PPI was unchanged M/m and +2.3% y/y, which was weak by expectations of +0.2% m/m and +2.5% y/y. The June core PPI report +0.2% m/m and +2.6% y/y of unchanged M/m and +2.6% y/y was weaker than expectations. The year-by-year figures of +2.3% (nominal) and +2.6% y/y (core) were below the modified May data of +2.7% and +3.2% respectively.
Today’s US Industrial Production Report of June was slightly stronger than market expectations of 0.3%m/m +0.1%, and was highly modified to be unchanged from -0.2%on May. The June US manufacturing production report of +0.1% m/m was slightly stronger than unchanged expectations.
The July New York Fed Services Business Activity Index increased from -13.2 to -9.3 in June.
The July beige book report of Fed will be released later today.
After today’s economic reports, expectations for the Fed policy were greatly reduced, but the reports about possible poly firing raised the rate of rate cuts slightly. Federal Fund Futures prices are exempting possibilities for cuts in July 29-30 FOMC meeting (vs 3% Tuesday) and 64% in the following meeting on September 16-17 (vs 58% Tuesday).
Bitcoin (^Btsusd) Today +2.3%, after overcoming the part of a decline of Tuesday’s -3.3%, President Trump later after the right -wing house Republican to vote in favor of the Crypto Act supported by the White House and Crypto Industry. President Trump said that he hopes that the House will pass the Genius Act Stabecrim Bill today. Those Republican yesterday blocked the law by voting against a procedural resolution.
Bitcoin has raised rapidly in the last several weeks, inspired by the expectations of Crypto regulation friendly from Washington. The US House Committee on Wes and Means Plan is today planned to hear an overcast sub-committee, titled “Making America The Crypto Capital of the World”, which is expected to promote Crypto-friendly rules.
Recent trade and tariff news have been mixed. Treasury Secretary Besant said the US-China trade talks are in a “very good place” and told the market participants, “There were some positive business news not to worry on August 12. After the announcement by President Trump, there were some positive trade news on Tuesday that his administration had reached a trade agreement with Indonesia.
However, the stock was reduced by negative trade news that emerged last week and during this previous weekend. Over the weekend, President Trump announced that the US would impose 30% tariffs on US imports from European Union and Mexico from August 1. Mr. Trump said last Thursday that 35% tariff on some Canadian products will be effective on 1 August. Last week, Mr. Trump imposed a 50% tariff on copper imports, which would include semi-fantasy goods, and said that pharmaceutical companies could face up to 200% tariffs on imports if they do not move production in the US within next year.
The markets will focus on any new news about tariffs or trade deals during the remaining time of this week. On Thursday, June retail sales +0.1% m/m/m and +0.3% pre-autos are expected to climb, and weekly early unemployment claims are expected to climb from +7,000 to 234,000. In addition, on Thursday, July Philadelphia Fed Business Outlook Survey is expected to climb +3.0 Issue -1.0, and July NAHB is expected to grow from Housing Market Index +1 to 33. On Friday, June residence is expected to begin +3.3% m/m to 1.298 million, and June building permits are expected. In addition, the University of Michigan University is expected to climb +0.8 to 61.5 in the US July Consumer Affairs Index.
With focus on Big Bank income results, the earning season started in Bayana this week. Major reports on Thursday include Pepsicorp, Abbott, US Bancarp, fifth third and GE. Major reports on Friday include Schwab and American Express.
According to Bloomberg Intelligence, the consensus is for S&P 500 companies, which is to show an increase in the C2 income of +2.8% y/y, the smallest growth in two years. In addition, only six of the eleven S&P 500 regions are estimated to post the lowest income increase since the Yardney Research, according to Yardney Research.
Foreign stock markets are less today. The Euro Stoxx is 50 -0.62%below. China’s Shanghai Composite -0.03%shut down. Japan’s Nikkei Stock closed down 225 -0.04%.
Interest rates
September 10-Year’s T-Rots (Znu25) above +9 ticks. The yield of 10 -year T -Note is -1.6 BP at 4.465%. Bullish factors today include a favorable PPI report and today’s -0.4 BP to fall by 2.410%in the rate of expectations of 10 years of inflation. The recession factors include today’s slightly strong-to-additional American industrial production reports.
Short-end of Treasury Curve saw a slightly increased opportunities to cut the fed rate in today’s increased news that President Trump could soon firing Fed Chair Powell. However, the Treasury curve will prolonged that it will be seen as a recession development due to politically induced central bank inflation risks.
European government bond yield is mixed. The 10 -year -old German band yield is 2.693%-1.9 BP. The yield of 10 -year -old UK gilt is +3.1 bp at 4.656%.
In the July 24 policy meeting, Swaps are offering discounts at 2% for cutting -25 BP rate cut by ECB.
US Stock Movers
The brilliant seven shares are today mixed with three beneficial and four losers. The biggest movers are Tesla (TSLA), With gains of more than +2%, and Amazon (AMZN), With loss of more than -1%.
Wall Street firms today reported positive results, which promoted shares in pre-market trading, although those stocks are now trading less.
Goldman Sachs (GS) Pre -market trading was more than +1%, but then faded and is now trading -0.6% less. Goldman reported a $ 4.3 billion wall street records of equity-trending revenue. In addition, the management fee in property and money management increased +11% y/y.
Bank of America (BAC) Despite reporting this report is more than 2% that its trading division has posted a record quarter and that net interest was better than expected.
Morgan Stanley (MS) Despite reporting strong equity -trading income and promoting pure new property in its money management division is more than 3%.
ASML (ASML) After issuing vigilant guidance for next year, more than -10%. The report reduced the enthusiasm for the chip sector, which declined today after the Trump administration’s rally on optimism about the Trump administration’s move to loosen some chip sales restrictions to China. Marvell Technology (Mrvl) And applied material (Amat) -The more than 4%are below. Micron technology (MU), Lam Research (LRCX), And kla corp (Klac) -The more than 3%are below.
Cryptocurrency-wisdom stock today is doing high business today after President Trump, who apparently assure the members of the right-wing house to vote in favor of the Stabelcoin Act before the House. Bitcoin (^Btcusd) Today is +2.3% after the fall of Tuesday -3.3%. Mara holdings (hit) And riot platforms (riot) +Is more than 5%, and coinbase (Coin) +Is more than 3%.
Johnson and Johnson (JNJ) More than +5% after increasing your full-year sales guidance for the year and reported to be better than income and revenue.
Earning Report (7/16/2025)
Prologice Inn (PLD), Progressive Corp/The (PGR), M&T Bank Corp (MTB), PNC Financial Services Group I (PNC), Bank of America Corp (BAC), Johnson & Johnson (JNJ), JNJ), Goldman Sachs Group Ink/The (GS), Morgan Stanley (MS), Morgan Stanlie (MS), United Airlines Holdings (UAL).
On the date of publication,
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