CrowdStrike Holdings, Inc. (CRWD)

Markets jump on PCE data, CrowdStrike recovers: Catalysts

US equities (^GSPC, ^DJI, ^IXIC) are jumping on Friday as Big Tech seems to be rebounding after a week that saw many investors rotate into small and mid-caps. With new economic data, the Personal Consumption Expenditures Index (PCE), signaling inflation may be under control, many expect the Federal Reserve to make its first interest rate cut in September. Catalyst Funds Co-Founder and CIO David Miller joins the show to give insight into what recent economic data suggests for the Fed, the tech sector, and the broader markets moving forward. Former President Barack Obama has officially endorsed Vice President Kamala Harris in her presidential run for the 2024 election. The former president joins a litany of Democrat leaders and mega-donors who have already rallied behind the VP, giving their endorsements and financial backing. CrowdStrike (CRWD) CEO George Kurtz announced that 97% of Windows sensors are back online after an outage last week, which impacted Microsoft (MSFT) systems globally. Pharmaceutical giant Bristol Myers Squibb (BMY) is seeing its stock get a boost after beating second quarter earnings expectations on the top and bottom lines and raising its full-year guidance. JPMorgan Chase (JPM) is reportedly launching a generative AI tool for its employees in its asset and wealth management division, according to the Financial Times. The tool will be able to summarize documents, generate ideas, and help with writing. For more expert insight and the latest market action, click here