US Markets Highlights — Aug 9, 2026 | Aivina
August 9, 2026
US equity markets experienced mixed trading, with technology stocks largely driving NASDAQ gains and pushing the S&P 500 to new records before some consolidation. Economic data revealed softening consumer spending and a slight uptick in jobless claims, hinting at a cooling economy. Federal Reserve officials continued to emphasize a data-dependent approach, maintaining a cautious stance on interest rate cuts as inflation remains above their target.
Highlights
- Tech sector propelled markets; NASDAQ reached new peaks; S&P 500 posted fresh records.
- Economic data showed softness; retail sales missed expectations; jobless claims edged higher.
- Fed officials maintained caution; emphasized data dependency; rate cut expectations tempered.
Macro Overview
Inflation
May PCE showed slight moderation to 2.6% annually; CPI was flat, annual rate 3.3%, still above Fed's 2% target.
Interest Rate Outlook
Fed officials signal patience; rate cuts unlikely until inflation clearly cools; September cut probability diminished.
Risk Sentiment
neutral
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