Stock Market Today: Dow Futures Slip, S&P 500 Rises Ahead Of August PPI Data—Chewy, GameStop, Oracle In Focus

Market Overview - U.S. stock futures showed mixed performance following record highs on Tuesday, with investors awaiting crucial inflation data [1][2] - The 10-year Treasury bond yielded 4.08%, while the two-year bond was at 3.54%, indicating market expectations for a Federal Reserve interest rate cut [2] Sector Performance - Most sectors in the S&P 500 closed positively, with utilities, health care, and communication services leading gains, while materials and industrials lagged [4] - UnitedHealth Inc. saw a significant increase of over 8% due to positive outlooks for its Medicare Advantage business [6] Economic Data and Forecasts - The Bureau of Labor Statistics revised nonfarm payroll jobs downward by 911,000, suggesting a cooling labor market earlier than expected, which may influence Federal Reserve rate decisions [5] - Analysts at LPL Financial project further gains for the U.S. stock market, citing historical trends that show an average gain of 16.2% in the year following a market correction [9] Company Highlights - Chewy Inc. is expected to report earnings of 14 cents per share on revenue of $3.08 billion, with its stock rising 3.92% in premarket trading [14] - Oracle Corp. surged 28.86% despite missing earnings estimates, attributed to a significant backlog increase of 359% to $455 billion [14] - GameStop Corp. jumped 8.01% following strong second-quarter earnings and a special dividend announcement [14] Emerging Markets Insights - BlackRock emphasizes a selective approach to emerging markets, identifying key drivers such as a weaker U.S. dollar and stable macro conditions [11][12] - The firm holds a strategic overweight in emerging markets, particularly highlighting India's potential for growth in the digital economy [13]