US Stock Market Preview | Dow Jones, S&P 500, and Nasdaq Futures Rise as Apple (AAPL) and Amazon (AMZN) Announce Earnings

1. On July 31st, US stock markets saw a rise in futures ahead of the open. As of this writing, Dow Jones Industrial Average futures were up 0.27%, S&P 500 Index futures were up 0.94%, and Nasdaq Composite Index futures were up 1.33%.

2. As of this writing, the German DAX Index was down 0.17%, the UK FTSE 100 Index was up 0.39%, the French CAC 40 Index was down 0.32%, and the European Stoxx 50 Index was down 0.51%.

3. As of this writing, WTI crude oil was down 0.54%, trading at $69.62 per barrel. Brent crude oil was down 0.69%, trading at $71.97 per barrel.

US Core PCE Year-over-Year Surpasses Expectations. The US June core PCE price index year-over-year recorded a reading of 2.8%, the highest since February, exceeding market expectations of 2.7%. The US June core PCE price index month-over-month saw a reading of 0.3%, matching market expectations, and previous value was 0.20%.

US Deficit Crisis Intensifies Market Volatility! Goldman Sachs Warns: US Treasury Yields Under Pressure as Debt Sustainability Concerns Rise. A report by Goldman Sachs notes that the massive US fiscal deficit has raised concerns about debt sustainability, putting pressure on long-term Treasury yields. However, there are signs that the US stock market may be resilient in the face of these challenges.