Markets remained cautious ahead of the CPI release. U.S. stocks closed lower, with the S&P 500 trading in an extremely narrow range for four consecutive days, while the storage sector advanced, with SK Hynix surging over 4%.

According to market data from BIT (bit.com), ahead of today’s CPI release, markets remained cautious and on the sidelines. The three major U.S. stock indexes closed lower across the board: the Nasdaq fell 0.6%, the Dow Jones dropped 0.34%, and the S&P 500 declined 0.32%. The S&P 500 has held an extremely narrow intraday range for four consecutive trading days, with the market described as "calm with price consolidation". Large-cap tech stocks weakened for the second straight day, with the so-called "Magnificent Seven" collectively weighing on the index; the Nasdaq 100 closed hovering just above its 50-day moving average. There was clear divergence within the AI sector: rotation occurred between software infrastructure and optical network segments, while AI semiconductors edged higher, though their gains fell short of market expectations for the $500 billion financing framework. Earlier, Nvidia partnered with six major Wall Street financial firms including Blackstone and Goldman Sachs to set up a $500 billion financing platform for AI infrastructure development. The announcement failed to garner market optimism, instead sparking concerns over "circular financing". Google fell 3.84%, logging its largest single-day drop in nearly six months. Oracle dropped 3.71%, Cloudflare declined 1.20%, and Amazon fell 2.09%. The U.S. storage sector advanced: SK Hynix rose over 4%, SanDisk and Seagate Technology gained more than 2%, and Micron climbed 0.87%.