Moomoo U.S. Markets Look Ahead for Thursday

The S&P 500 will see if it can set a new closing record on Thursday after it fell just nine points short of doing so on Wednesday.

The key index and the tech-heavy Nasdaq Composite both rose on Wednesday as multiple tech stocks rallied following well-received earnings results.

Big post-earnings gainers included $NEBIUS (NBIS.US)$, $CoreWeave (CRWV.US)$, $Super Micro Computer (SMCI.US)$ and $Lumentum (LITE.US)$.

Other techs to see large increases in apparent sympathy included$Bloom Energy (BE.US)$, $SpaceX (SPCX.US)$, $IREN Ltd (IREN.US)$, $Nokia Oyj (NOK.US)$, $SK hynix (SKHY.US)$, $SanDisk (SNDK.US)$ and other names.

Adding to Wednesday's positive tone, the July Consumer Price Index came in as expected at a 3.4% seasonally adjusted annual gain. That was down 0.1 point from June and in line with economist forecasts.

Markets interpreted the tame number as reducing odds that the Federal Reserve will make a stocks-unfriendly rate hike at its September policy meeting.

All in, the $Nasdaq Composite Index (.IXIC.US)$ added 0.5% on Wednesday and the $S&P 500 Index (.SPX.US)$ rose 0.2%. However, the $Dow Jones Industrial Average (.DJI.US)$ eased 0.04%.

After the bell on Wednesday, $Cerebras Systems (CBRS.US)$ sank some 16% as of early evening New York time, while $Stubhub Holdings (STUB.US)$ shed 13% and $Coherent (COHR.US)$ lost 3.3%. All three fell as their earnings releases failed to impress investors.

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