Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Mariott International, Merck, Novo Nordisk, Okta, and More Pre-Market Stock Futures: Futures are trading modestly higher as we have arrived at the day everyone on…
ll Street has circled on their calendars. The July consumer price index will be released at 8:30 AM EDT, and the producer price index will be released at the same time tomorrow
Economists forecast headline CPI to rise 0.1% month-over-month and 3.4% year-over-year, with core CPI expected to increase 0.2% month-over-month and 2.5% year-over-year. One thing is for sure; if the numbers come in hot and above expectations, the stock market could see a bout of heavy selling. All of the major indices finished the day lower on Tuesday, except the small-cap Russell 2000, which closed at 3,027, up 0.32%.
It remains the leading index in 2026, up 21.5% year to date. The technology-heavy Nasdaq was down the most on Tuesday, closing at 26,445, down 0.60%, while the S&P 500 finished the day at 7,728, down 0.32%. Last but not least, the Dow Jones Industrial Average closed the session at 53,791, down 0.34%.