US Markets Highlights — Aug 7, 2026 | Aivina
August 7, 2026
US markets saw the S&P 500 and Nasdaq reach new records, propelled by strong tech performance and surprisingly soft May CPI data. While inflation cooled more than expected, the Federal Reserve held interest rates steady and revised its 2024 rate cut projections down to just one. This mixed signal created some nuanced sentiment, but overall risk appetite remains bullish, particularly in the tech sector.
Highlights
- S&P 500, Nasdaq hit records; tech sector led gains; driven by AI optimism.
- CPI inflation cooled unexpectedly; May data showed flat month-over-month; boosted market optimism.
- Federal Reserve held rates; dot plot projects one 2024 cut; cautious outlook on future easing.
Macro Overview
Inflation
May CPI was flat month-over-month, annual rate 3.3%. Core CPI rose 0.2%. Inflation showed unexpected cooling.
Interest Rate Outlook
Fed held rates; updated dot plot indicates one 25bps cut in 2024, down from three projected in March.
Risk Sentiment
bullish
This content is generated by AI for informational and educational purposes only and does not constitute financial advice.