Stocks rose after being mixed in earlier trading Thursday as a September rate cut became less likely after PMI data. Japanese services PMI was weaker than expected but still in expansion territory. In the US, the dollar was stronger as the probability of a September rate cut dropped to 75%. Also, the Philly Fed Manufacturing index was slightly negative, which was weaker than last month's report. Atlanta Fed President Raphael Bostic said he still sees one interest rate cut likely for this year. Market participants await comments from Fed Chair Jerome Powell at the Jackson Hole Symposium. Looking ahead, companies with market caps exceeding $1 billion are set to report earnings, and we have a 30-year TIPS auction. Economic data includes Japanese national CPI data, UK and Canadian retail sales, and German GDP. Learn More: https://www.cmegroup.com/activetrader.html #economicdata #stockmarket #futures
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