"Stock Futures Rise as Key PCE Inflation Data Looms: Market Update"

Stocks rebounded as the Personal Consumption Expenditures (PCE) Price Index showed a continued cooling in inflation, with prices rising 4.1% on a "core" basis in June, the least since September 2021. Workers most at risk from AI feel the least threatened by it, according to a Pew Research Center analysis. Mortgage rates in the US edged closer to 7%, exacerbating affordability problems for homebuyers. Procter & Gamble, Intel, Roku, and Exxon Mobil were among the trending stocks. Consumer sentiment hit its highest level since October 2021, while stocks opened higher following the Federal Reserve's rate hike. The latest PCE data showed prices grew at their slowest pace in nearly two years in June. Stock futures pointed to a rebound ahead of the release of the Fed's preferred inflation measure.