The Latest Breaking News from Louis Navellier

Not even the most important stock in the world could keep the oldest equity index down on a significant day for markets.

Editor’s Note: The future prices of benchmark tracking ETFs, the lede, and the latest economic releases were updated in the story.

U.S. stock futures rose on Wednesday after Tuesday’s rally. Futures of major benchmark indices were higher.

The July CPI report has put the Federal Reserve in a “predicament” regarding a September rate cut, as stubbornly high core inflation conflicts with a weakening labor market, fueling fears of “stagflation-lite.”

Markets were mostly mixed Tuesday after decisive moves Friday and Monday.

While the Federal Reserve’s decision to hold interest rates steady was widely anticipated, a rare dual dissent and nuanced language in the FOMC statement have left experts divided on whether Chair Jerome Powell will hold steady through 2025 or embark on aggressive rate cuts.

In another sign of changing times, JPMorgan has partnered with Coinbase to enable cryptocurrency purchases with credit cards.

U.S. stock futures were positive on Monday after ending mostly lower on Friday. Futures of major benchmark indices were higher.

U.S. stock futures were fluctuating on Tuesday after trimming gains from their records on Monday. Futures of major benchmark indices were trading mixed.