U.S. Inflation In July Grows Slower Than Expected! This Is What's Happening In The Market

<p>&nbsp;Stock futures rose on Thursday after inflation readings showed slightly lower-than-expected annual inflation growth.</p><p><br /></p><p>Dow Jones Industrial Average futures rose 136 points, or 0.4%. The S&amp;P 500 and the related Nasdaq-100 added 0.5% and 0.9%, respectively.</p><p><br /></p><p>July consumer prices rose by 3.2% on an annual basis, lower than the 3.3% consensus expected by economists polled by Dow Jones. In monthly terms, inflation rose 0.2%, in line with estimates. The report also noted that real average weekly earnings were unchanged last month, in another positive sign.</p><p><br /></p><p><br /></p><p>Nevertheless, excluding food and energy, the core July CPI reading rose 4.7% on the year, well above the Federal Reserve's 2% target.</p><p><br /></p><p>Meanwhile, Disney shares rose 1.3% after announcing an upcoming price increase for ad-free Disney+ subscriptions. The media company also reported third-quarter earnings per share that exceeded expectations. But Six Flags slipped 3.5% following a worse-than-expected report.</p><p><br /></p><p>More than 90% of S&amp;P 500 companies had reported earnings for the quarter by Thursday morning. Of those, about four-fifths have exceeded Wall Street expectations, according to FactSet.</p><p><br /></p><p>The US dollar index, which measures the US dollar against six major currencies, was down 0.45% at a trading level of 101.855.</p>