July 2025 Stock Market Insights: CPI Cooling, Costco Fee Hike, Apple EU Settlement, Tesla Dips, Delta Profit Drop

Market highlights for July 11, 2024

The June Consumer Price Index (CPI) is set to be released this morning, anticipated to show a slowdown in inflation, fueling hopes for a Federal Reserve interest rate cut by September. Shares of Costco Wholesale (COST) are climbing in premarket trading following its first membership fee increase since 2017 and strong June sales growth. Apple (AAPL) has reached a settlement with the European Union over its "tap and go" payments investigation, agreeing to open its mobile wallet to competitors and avoid antitrust penalties. Tesla (TSLA) shares are trading lower after an 11-session rally, while Delta Air Lines (DAL) faces a decline amid a 29% year-over-year drop in second-quarter profits. U.S. futures are down following record closes for the Nasdaq Composite and S&P 500 on Wednesday. Here's what every investor should know today.

1. CPI Forecast Indicates Cooling Inflation, Boosting Federal Reserve Rate-Cut Expectations

The Bureau of Labor Statistics is expected to report a 3.1% annual rise in the Consumer Price Index at 8:30 a.m. ET, down from May's 3.3%, according to economists surveyed by Dow Jones Newswires and The Wall Street Journal. This anticipated easing supports the narrative that inflation is retreating after a troubling uptick earlier this year, a key condition for the Federal Reserve before considering interest rate reductions.

2. Costco's Membership Fee Hike Sparks Stock Gains

Costco Wholesale (COST) shares are up 3% premarket following the announcement of an 8% membership fee increase effective September 1, raising individual fees to $65 and executive memberships to $130. The retailer also reported June net sales of $24.48 billion, a 7.4% increase year-over-year, demonstrating strong consumer demand for bulk goods at competitive prices amid inflationary pressures.

3. Apple Settles EU App Store Payments Probe to Avoid Antitrust Penalties

Apple (AAPL) has agreed with the European Commission to open its mobile wallet technology to competitors, settling the "tap and go" payments investigation and sidestepping potential fines. The Commission's preliminary findings suggested Apple's previous restrictions limited competition and innovation in iPhone mobile wallets. This settlement aligns with the EU's Digital Markets Act, which aims to foster fairer digital market practices. Apple’s shares remain steady in premarket trading.

4. Tesla Stock Pulls Back After Extended Winning Streak

Tesla (TSLA) shares are down slightly in premarket trading after an 11-day consecutive rise, which followed the release of better-than-expected second-quarter delivery figures. Once lagging among major tech stocks, Tesla's recent gains have brought its year-to-date performance back into positive territory, bolstered by optimistic analyst price target revisions.

5. Delta Air Lines Faces Profit Decline Amid Rising Costs and Discounts

Delta Air Lines (DAL) shares are down 9% premarket after reporting a 29% drop in Q2 profits to $2.01 per share, impacted by higher fuel expenses and aggressive discounting. Despite maintaining full-year adjusted earnings per share guidance of $6 to $7, the airline forecasts Q3 adjusted earnings between $1.70 and $2 per share, below some expectations. Delta's focus on premium customers has driven a 16% stock increase so far this year.

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