NASDAQ 100 futures benefit from in-line CPI print

Clay Webster FXStreet

Inflation in the United States (US) is under control at the moment, and that fact is boosting the NASDAQ 100 futures in Wednesday's premarket. The growth index has gained 0.75% following the US Consumer Price Index (CPI) print for July, which came out one hour before the regular open.

The headline CPI fell to 3.4%, in line with prior estimates and down from June's 3.5% reading. Also, as expected, annual core CPI fell from 2.6% to 2.5%.

This is what the market wanted to hear, as it provides less risk that the US central bank will need to hike interest rates. CME Group's FedWatch Tool shows that odds of an interest rate hold at the Federal Reserve's (Fed) September meeting rose from circa 52% a day ago to 56% on Wednesday.

Nvidia (NVDA) rose 1.6% in the premarket on the news, while memory chip companies Sandisk (SNDK) and Micron (MU) jumped 5% and 3% as well.

NASDAQ 100 E-mini futures 5-minute chart for August 12, 2026

Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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