US Dollar Index Edges Up Amid Earnings and Economic Data

The US dollar index rose slightly following recent earnings releases and hot headline pricing data. Treasury yields increased, but real-term changes were minimal, with market pricing remaining near a coin toss on hold vs out of the Fed in October and majority odds favoring an increase in December.

Nvidia beat earnings per share expectations, revenue, and outlook, but rising obligations may affect cash flows and gross margin. Amazon will buy 2m GPUs from Nvidia with the option to purchase millions of CPUs.

CrowdStrike jumped in extended trading after its earnings beat, while Salesforce surged following its slight revenue beat, increase in free cash flow, decent earnings and revenue guidance, and significant gain in strategic investments.