The S&P 500, Dow Jones, and Nasdaq all saw gains today, with futures up as well. The US CPI report met market expectations, increasing the likelihood of a Fed rate cut in September to 93% from 88%. July’s CPI figures were slightly weaker or stronger than expected.

President Trump extended the US-China tariff truce by 90 days and Nvidia and AMD agreed to pay 15% of revenues on certain AI chip sales to China. China urged companies to avoid Nvidia’s chips for government use. Trump-Putin summit in Alaska this week focuses on ending the Russian-Ukrainian war.

Trump extended tariffs with China for 90 days, announced a 100% tariff on semiconductor imports, and doubled tariffs on Indian imports. US tariffs on pharmaceuticals are impending. Earnings reports show S&P 500 Q2 earnings are on track to rise significantly.

Markets await corporate earnings, tariff news, and economic data. Trump-Putin summit to discuss the Russian-Ukrainian war. Initial unemployment claims, PPI, retail sales, and consumer sentiment data due this week. Fed funds futures predict a rate cut at September and October FOMC meetings.

Overseas stock markets are mixed, with Euro Stoxx 50 down and China’s Shanghai Composite up. Japan’s Nikkei closed at a record high. Interest rates show 10-year T-notes down but yields up, while European government bond yields are trading higher. ECB is predicted to cut rates by 6%.

US stock movers include Amazon and Nvidia trading lower, while Meta is up. Hanesbrands is up after news of a possible acquisition by Gildan Activewear. Paramount Skydance is up on a buy rating, and Starbucks is up on an upgrade. Cardinal Health and Getty Images are down on earnings news.

Earnings reports for August 12, 2025, include companies like Cardinal Health, Cava Group, and Smithfield Foods. Rich Asplund did not have positions in mentioned securities. All information is for informational purposes only.

Read more at Yahoo Finance: Stocks See Support from Increased Odds for Fed Rate Cut after CPI Report