US EQUITY OPEN: Indices in the green after in-line CPI

OPEN: US indices opened with gains as Technology resides as the sectoral outperformer. Overall, they are mixed with Consumer Discretionary and Staples lagging. The key highlight in trade so far has been the US CPI report, which was as expected across the board; two-way action was seen on the in-line metrics, with Fed pricing little changed for September with a hike still seen as a flip of the coin. Elsewhere, the Dollar is mixed vs. peers, as the Aussie and Yen are firmer, although the Swissy is losing out. Post-metrics, the Dollar Index printed a fresh daily low. Treasuries are firmer across the curve ahead of the 10yr auction, while precious metals sit in the green. The crude complex has been choppy but currently sits with losses. Although, the most recent pertinent update was an Iranian source suggesting there are no current talks on extending US-Iran ceasefire. Aside from the aforementioned auction, the calendar is light with weekly EIA's and earnings from CSCO after-hours the highlights. STOCK SPECIFICS: CoreWeave (CRWV): EPS & rev. beat, raised FY outlook, supported by accelerating AI infrastructure demand, a growing backlog & strong pricing for newer NVDA systems Super Micro Computer (SMCI): Profit beat w/ stellar guidance Lumentum (LITE): Strong Q metrics alongside strong next Q outlook. H&R Block (HRB): Q beat & FY outlook topped forecasts, as well as raising dividend. Oracle (ORCL): Plans further job cuts this month, potentially reaching double-digit percentages on some team. Nebius (NBIS): Q2 metrics largely impressed Aehr Test Systems (AEHR): Received a USD 22mln follow-on production order from its lead wafer-level AI processor customer. Gap (GAP): Downgraded at Jefferies