Markets react to July PCE, Fed, protein brands: Market Domination

US stocks (^DJI, ^IXIC, ^GSPC) are working to put this volatile August behind them in the final trading hour of the final trading day of the month. Market Domination hosts Josh Lipton and Madison Mills interview top Wall Street experts and economists as markets react to July's Personal Consumption Expenditures (PCE) price index that was released this morning.

In the latest installment of Good Buy or Goodbye, Mizuho managing director and senior consumer equity research analyst John Baumgartner makes the case for why BellRing Brands (BRBR) is a better consumer protein play than Beyond Meat (BYND).

PNC Financial Services Group Chief Economist Gus Faucher comes onto the program to talk about the outlook on the Federal Reserve cutting interest rates as high as 50 basis points. In recent economic data and the July PCE print, Faucher says the US is "seeing continued economic growth in the summer of 2024, but growth is slowing and that's a good thing."

Other trending stocks on the Yahoo Finance platform include Sherwin-Williams (SHW), Intel (INTC), Nvidia (NVDA), Intuitive Machines (LUNR), MongoDB (MDB), and Elastic (ESTC)

This post was written by Luke Carberry Mogan.

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