Reported about 13 hours ago
US stocks opened relatively steady near record highs on August 11, with attention on upcoming inflation data expected to show a rise in July's consumer price index. A forecasted annual rate of 2.8% raises speculation about potential interest rate cuts by the Federal Reserve amid concerns over tariffs driving up prices. In corporate news, notable developments included Nvidia and AMD's revenue cut agreements with the U.S. government, Intel's CEO meeting with Trump, and AMC's stronger-than-expected quarterly results.
Source: YAHOO