CoreWeave surged 16% after hours on stronger-than-expected sales growth, and Super Micro Computer rose almost 8% on a revenue forecast above estimates, lifting Nasdaq 100 futures.
Oil kept climbing. Brent rose over 1% to $90 a barrel, a sixth straight session of gains and its longest run since April, with traders still doubtful about a Middle East deal.
Jeff Mei, chief operating officer at BTSE, said the week’s direction rests on the inflation print and on whether Iran and the U.S. reach a deal over the Strait of Hormuz.
“Last week’s US job numbers were weak — a continuing narrative supporting this trend and lower inflation would cement expectations for Fed cuts by year-end, boosting liquidity and risk assets like Bitcoin,” Mei said.
“Traders should watch for any hawkish pushback from Fed speakers, but the macro setup could lead to a relief rally if this week’s CPI numbers are lower than expected,” he added.
July inflation data is…
