WS #14031
July PPI flat, below expectations, lowering odds of September Fed hike to ~35%, driving S&P 500 to record high. Applied Materials beats Q3 but falls on high expectations; Sandisk surges on investor day; Cerebras misses badly. Silver Lake in talks to acquire Workday at ~$43B, sending shares up ~17-19%.
US inflation data and Fed expectations
July PPI flat, below expectations, lowering odds of September Fed hike to ~35%, driving S&P 500 to record high.
Applied Materials beats Q3 but falls on high expectations; Sandisk surges on investor day; Cerebras misses badly.
Silver Lake in talks to acquire Workday at ~$43B, sending shares up ~17-19%.