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

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 interest rate cuts by the Federal Reserve [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 predict further gains for the U.S. stock market, citing historical trends that show an average gain of 16.2% in the year following market corrections [9] Emerging Markets Insights - BlackRock Investment Institute emphasizes a selective approach to emerging markets, identifying key drivers such as a weaker U.S. dollar and stable macro conditions [11] - The firm highlights the benefits of global supply chain changes for countries like Mexico and Vietnam, while Taiwan and South Korea are pivotal in AI semiconductor developments [12] Company-Specific Movements - Chewy Inc. rose 3.92% ahead of its earnings report, with estimates of $3.08 billion in revenue [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] - Cuprina Holdings Ltd. experienced a dramatic increase of 254.70% after securing licensing rights for medical waste recycling technology [14] Commodities and Global Markets - Crude oil futures increased by 1.07% to approximately $63.30 per barrel, while gold prices rose 0.54% to around $3,645.78 per ounce [16]