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US Stocks Mixed in Premarket Trading Amid Inflation Expectations and Earnings Catalysts

Guavy AI Editorial Team
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AAPL
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The US stock market is trading mixed in premarket hours on Monday, August 10. The Nasdaq 100 futures are leading the gains, while Dow and S&P 500 futures are slightly down.

This week's key economic releases include US July CPI, PPI, and retail sales data, which will be closely watched to gauge inflation expectations and potential Federal Reserve rate hike decisions.

Apple stock fell over 1% in premarket trading after Jefferies downgraded the company to 'Underperform' with a price target of $263.66. The firm cited uncertainty around Apple's high-end iPhone product roadmap following its cancellation of an all-glass iPhone plan.

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