Wall Street closed mixed as inflation data tempered hopes for an aggressive Fed rate cut.
The S&P 500 inched higher, Dow slipped slightly, and Nasdaq ended just below the flat lin
e.
Treasury yields rose, making a 50-basis-point cut in September less likely.
Futures turned higher, with Dow futures up 0.7% on strong corporate and inv
estment news.
Warren Buffett’s Berkshire Hathaway added stakes in Nucor and UnitedHealth, while trimmi
ng Apple.
Amazon rose nearly 3% after expanding same-day grocery delivery services.
Chip stocks like Applied Materials fell on weaker guidance, dragging tech
lower.
Oil prices jumped over 2% ahead of the high-stakes U.S.–Russia summit.
Investors balanced strong earnings against stubborn inflation and Fed
uncertainty.
Next week’s market focus will be on fresh U.S. data and possible policy shifts pos
t-summit