Nasdaq 100: Semiconductor Shares Drop on New Tariff Threats and Weak Information…

Marriott Worldwide dropped 1.2% after slicing its full-year forecast on slower journey demand, pointing on to the influence of upper prices on discretionary spending.

How Is Fed Coverage Shaping Market Positioning?

Regardless of in the present day’s weaker knowledge, merchants are leaning into Fed easing. CME’s FedWatch software now reveals an 89.2% likelihood of a September fee minimize, up from 63.three% per week in the past. This comes after softer jobs knowledge final week and a shakeup on the Bureau of Labor Statistics, the place Trump ousted the company head. Market members are additionally watching carefully for Fed board nominations and additional commerce developments.

Noon Outlook: What Ought to Merchants Monitor from Right here?

With providers sector knowledge softening and tariff threats again in focus, fairness markets face renewed draw back danger. That stated, expectations for coverage easing stay a assist.

Merchants ought to look ahead to Fed commentary, inflation knowledge due subsequent week, and any updates on China commerce talks, which Trump instructed might embrace a year-end assembly with President Xi if progress is made.

Extra Data in our Financial Calendar.