The UM Consumer Sentiment survey for August came in at 55.1, slightly below the 55.4 estimate. Expectations for future inflation also decreased, with 1Y expectations at 4.7% and 5-10Y at 3.7%. President Trump praised the economic numbers as “great.” U.S. equity benchmarks fluctuated, with the Dow, Russell 2000, and S&P 500 rising, while the Nasdaq Composite remained flat.

U.S. stock market is open with the Dow (+0.69%) leading, followed by the S&P 500 (+0.46%), Russell 2000 (+0.21%), and Nasdaq (+0.17%). 55.1% of equities are trading higher, while 37.2% are declining. Personal Consumption Expenditures rose by 0.2%, and Personal Income increased by 0.4%.

U.S. equities surged before the market open, with the Dow (+0.48%) leading. The S&P 500, Nasdaq, and Russell 2000 also rose. The Michigan Consumer Sentiment Survey is awaited. U.S. equity futures are flat, ending the quarter on a positive note, with stock highs, rate cut optimism, and strong earnings quality.

Core PCE and Personal Spending prints are expected, along with the Michigan Consumer Sentiment survey. Commentary from Fed Governors will provide insight into the recent FOMC meeting. Nine earnings reports are anticipated, but none meet the $1 billion market cap for highlight. Today’s events are summarized for clarity and engagement.

Read more at Yahoo Finance: Stocks jump after PCE inflation, Consumer Sentiment reports within expectationss