Investors are digesting June's Personal Consumption Expenditures (PCE) index this morning. The Federal Reserve's preferred inflation gauge comes amid a tough week for US equities (^DJI,^GSPC, ^IXIC), which saw the Nasdaq suffer its worst trading day in two years.

Key names are on the move this morning, including many of the Magnificent Seven tech stocks: Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta Platforms (META), Microsoft (MSFT), and Tesla (TSLA). Shares of 3M (MMM) are surging after the company beat second quarter earnings expectations and raised its full-year outlook. Pharmaceutical giant Bristol Meyers Squibb (BMY) also posted positive earnings with revenue that beat expectations and raised its full-year guidance.

Trending Tickers on Yahoo Finance include DexCom (DXCM), Lululemon (LULU), and Deckers Outdoor (DECK).

Top guests today include:

9:05 AM: Michael Gapen, BofA Securities Head of US Economics
9:30 AM: Adam Hetts, Janus Henderson Investors Global Head of Multi-Asset
10:15 AM: David Miller, Catalyst Funds Co-Founder & CIO