Stock Market Update: S&P 500 and Nasdaq Futures Climb Before August CPI Release—Earnings Reports from Kroger, RH, and Adobe Under Spotlight

U.S. Stock Market Trends: U.S. stock futures rose on Thursday following a mixed close on Wednesday, with the S&P 500 reaching new highs while the Dow Jones fell. The Producer Price Index showed a surprising decline, contributing to positive market sentiment.

Inflation Forecasts: Economists predict that the August Consumer Price Index will show a year-over-year inflation increase to 2.9%, driven by rising prices in used cars, car insurance, and airline tickets, complicating the Federal Reserve's interest rate decisions.

Investor Sentiment and AI Stocks: Investor optimism surrounding artificial intelligence has led to a rally in AI-linked stocks, particularly after Oracle Corp. reported a significant backlog of AI-related orders, while Chewy, Inc. saw a sharp decline following disappointing earnings.

Global Market Movements: Asian markets closed higher, while European markets showed mixed results. Crude oil and gold prices experienced slight declines, reflecting broader trends in commodities and global equity markets.