Wall Street

Stock Market Today – 8/10: Stocks Higher As July Inflation Data Looms; Elon Musk Tesla Sale Boosts Twitter

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The Street

By Martin Baccardax Wall Street remains laser-focused on a crucial July inflation reading before the bell that could trigger near-term changes to Fed rate hike bets. U.S. equity futures nudged higher Wednesday, while the dollar slipped lower against its global peers, as investors braced for a key July inflation reading that could either cement the Federal Reserve’s monetary tightening agenda or trigger a pullback in rate-hike bets. Headline CPI is expected to have eased last month from the 41-year peak rate of 9.1% it reached in June, potentially triggering a series of slower accelerations ove…

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