FX.co ★ US Futures Trade in Tight Range

US equity futures were little changed ahead of key inflation data, while major AI-related names extended their recent gains. The S&P 500 edged up to a fresh record, with the Nasdaq 100 and Dow hovering near unchanged.

Semiconductor stocks and companies tied to AI infrastructure continued to outperform, mirroring strength in South Korean peers. Investor sentiment toward AI spending remained supported by reports that Anthropic is pursuing an IPO and by its recent acquisition of Decart AI, both seen as reinforcing the outlook for rising compute investment. Micron, Nvidia, and Amazon all traded higher.

On the macro front, producer prices are expected to rebound after June’s soft reading. However, a modest increase could strengthen the case for the Federal Reserve to keep rates on hold next month, following the recent benign consumer inflation data.