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Wall St gains amid focus on earnings, inflation data
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PerthNow
Wall Street traders are pricing in a 55 per cent chance of the Fed holding rates in September.
(AP PHOTO)Wall Street traders are pricing in a 55 per cent chance of the Fed holding rates in September.
Super Micro Computer topped the S&P 500 with a 17 per cent climb after the AI-server maker forecast fiscal 2027 revenue above Wall Street expectations.
The earnings underscore robust AI-related demand as Wall Street giants continue to spend billions to scale up AI.
In other stocks, Cava Group advanced 17.5 per cent after the restaurant chain beat Wall Street expectations for second-quarter sales and core profit.