Caterpillar Warns of Higher Tariff Hit | Open Interest 8/29/2025

Market Trends & Economic Indicators - The S&P 500 hit an all-time high, but futures are slightly down, reflecting potential market relief or seasonality [1][3][6] - PCE data was largely in line with expectations, with core inflation rising to 29% year-over-year, suggesting inflation remains elevated [1] - Personal income increased by 04% on the month, with wages and salaries jumping by 06%, indicating consumers have more money to spend [1] - September is historically the weakest month for the S&P 500, with a decline occurring 56% of the time [1][5] Company Performance & Sector Dynamics - Dell raised its revenue forecast for the full year, but shares are down 67% due to a slowdown in AI-related sales [1] - The Gap expects margins to shrink this year, with shares initially down as much as 12% overnight before bouncing 3% [1] - Caterpillar expects tariffs to have a greater impact, costing the company as much as 18% billion this year [3][11][12] - Petco raised its earnings targets, showing signs of progress in its turnaround, with a 20% gain in the premarket [5] - Celsius is getting a boost from Pepsi, with shares up to 11%, as Pepsi sells North America of Rockstar [7] Federal Reserve & Policy - Fed Chair contender Christopher Waller emphasizes the need for a rate cut, supported by fresh economic data [1] - Lisa Cook is seeking an emergency hearing to block her removal, intensifying the Trump administration's campaign against her [1][8][9][15] - A U S trade policy ending free imports of goods valued at $800 or less is affecting e-commerce and adding costs for consumers [2]