At the close of Aug 11, 2026, the Tadawul All Shares Index(TASI.SA) decreased by 0.11%, closing at 10833.18 points; the Parallel Market Capped Index (NomuC)(NOMUC.SA) decreased by 0.72%, closing at 21667.61 points.

U.S. stock futures inched higher early Wednesday, as traders looked ahead to an important inflation report that will likely determine the near-term direction for interest rates.

S&P 500 index(SPX.US) futures and NASDAQ-100(NDX.US) futures climbed 0.13% and 0.29%, respectively. Dow Jones Industrial Average(DJI.US) Average futures rose by 20 points, or 0.04%.

In the U.S., Super Micro Computer, Inc.(SMCI.US) shares rallied more than 7% after the data center infrastructure company issued rosy guidance for first quarter earnings and revenue. CoreWeave(CRWV.US) shares surged ~16% after second quarter adjusted operating income margin of 5% exceeded expectations.

Those moves come ahead of the latest inflation data that investors are hoping will be as encouraging as the last. The July consumer price index that’s due out at 8:30 a.m. ET on Wednesday is expected to show only a slight increase in monthly inflation, of 0.1% in the headline number and 0.2% for the core reading, according to economists polled by Dow Jones. However, the estimated 12-month rates of 3.4% and 2.5%, respectively, remain above the Fed’s 2% target.

A surprisingly hot inflation report will likely alarm investors who expect it will shape what the Federal Reserve does at its September meeting, as policymakers take a reprieve in August. The central bank has been laser focused on the impact higher pricing pressures are having on the U.S. consumer, with three dissenters at the last meeting voting to raise rates. And, those concerns have yet to abate, with U.S. oil prices pushing above $83 a barrel this week, as hopes of a reopening of the Strait of Hormuz dwindle.

“All the Fed seems to be focused on is inflation, which means that tomorrow’s report is very important, especially because right now the odds for a September hike are 50-50,” Liz Thomas, head of investment strategy at at SoFi, told CNBC’s “Closing Bell” on Tuesday. “Tomorrow pushes that in one direction or the other, and that gets baked in.”

The bond market will also be carefully watched in the aftermath of the report, especially with long- and short-dated issues — the 10-year Treasury yield hovering around 4.7% and the 2-year yield around 4.2% — already reflecting fears of a more restrictive interest rate regime.

Wednesday’s inflation report won’t be the last hurdle the stock market will have to get past this week. The July producer price index that’s due out Thursday will have to prove the prior month’s softer report can be repeated.

On the earnings front, traders will be watching for reports from Cerebras Systems(CBRS.US) and Cisco Systems, Inc.(CSCO.US), both due in the afternoon.

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Iran Demands Deal to Reopen Hormuz

Iran and US military forces escalated Gulf maritime conflicts as Tehran refused to reopen the Strait of Hormuz unless the US unfreezes Iranian assets and halts regional hostilities. Meanwhile, US missiles struck a Panama-flagged cargo ship bound for Iran in the Gulf of Oman, forcing 55 vessels to reroute. Yemen's Houthi rebels also attacked Saudi and Egyptian vessels in the Mandeb Strait, marking the war's first reported crew fatalities.

S&P 500 Sees 7.8% Gain Signal

US stocks continue reaching record highs despite widespread market pessimism, with S&P 500 index(SPX.US) bears outnumbering bulls in 20 of the past 25 weeks. Quantitative firm 22V Research noted a severe disconnect between cautious sentiment and solid economic fundamentals, pointing to historical data where similar conditions predicted average S&P 500 gains of 1.6% over 1 month, 5.1% over 3 months, and 7.8% over 6 months.

KSA Stocks

Arabian Drilling Offshore Utilization Hits 100%

Arabian Drilling Co.(2381.SA) received notice to resume operations for its remaining suspended offshore rigs, driving its offshore fleet utilization rate to 100% by the end of Q3 2026. The resumption reflects a ongoing recovery in offshore market activity and demonstrates the company's operational readiness.

Saudi German Health Q2 Profit Soars 73%

Middle East Healthcare Co.(4009.SA) (Saudi German Health) reported a 73.3% YoY increase in Q2 net profit to SAR 34.35 million, driven by higher patient volumes and lower finance costs. Quarterly revenue rose 6.9% to SAR 845.5 million due to expanding specialized medical services. However, H1 net profit fell 63.6% to SAR 67.82 million, weighed down by prior-year one-off land sale gains and associate startup losses.

Almasane Alkobra Replaces CEO With Savas Sahin

Almasane Alkobra Mining Co(1322.SA) (AMAK) announced that its board approved the mutual termination of CEO Eng. Geoffrey MacDonald Day's contract, effective August 13, 2026. The board appointed board member Eng. Savas Sahin, who previously served as AMAK's CEO from 2017 to 2021, as Managing Director starting August 13, 2026.

Advanced Building Industries Q2 Profit Soars 463%

Advanced Building Industries Co.(2240.SA) reported a 463.2% increase in Q2 2026 net profit attributable to shareholders to SAR 44.37 million, despite revenue falling 2.7% to SAR 1.42 billion. For the six-month period, net profit rose 45.7% to SAR 54.18 million on strong margins in its steel and insulation units. The external auditor issued a qualified conclusion due to an ongoing investigation into SAR 84.7 million in inventory shortages and subledger discrepancies within the air conditioners segment.

Cenomi Retail Loss Shrinks 22%

AFG International Co.(4240.SA) (Cenomi Retail) reported a 22.0% decrease in Q2 net loss attributable to shareholders to SAR 80.9 million, down from SAR 103.7 million in the prior-year period. The improved performance was driven by an 11.5% increase in quarterly revenue to SAR 1,258.1 million, supported by strong Eid Al-Adha trading and double-digit like-for-like sales growth across key fashion portfolios.

Red Sea Q2 Loss Swells

Red Sea International Co.(4230.SA) reported a Q2 net loss of SAR 16.86 million, up from a loss of SAR 1.26 million a year earlier, as revenue fell 22% to SAR 608.05 million. The loss expanded due to slower project execution, lower gross margins, higher borrowing costs, and increased credit loss provisions. Six-month sales dropped 16% to SAR 1.24 billion.

Al Kathiri Delays Q2 Financial Results

Al Kathiri Holding Co.(3008.SA) announced it is unable to publish its interim financial results for the six-month period ended June 30, 2026, within the regulatory deadline due to ongoing reviews. Trading of its shares will be suspended on August 12, 2026, under Saudi Exchange rules. The company expects to announce the financial results within the 20-trading-day grace period.

USA Stocks

CoreWeave Soars 16% on Earnings

CoreWeave(CRWV.US) reported Q2 revenue of $2.575 billion, up 112% year-on-year and topping market estimates, while its total revenue backlog expanded to $104 billion. The cloud provider also secured over $25 billion in additional client commitments at the start of Q3, driving its shares up 16% in after-hours trading.

Super Micro Shares Soar 10% Post-Market

Super Micro Computer, Inc.(SMCI.US) reported fourth-quarter net sales of $11.12 billion, slightly below analyst expectations, while earnings per share more than tripled. Driven by robust demand, the company provided first-quarter sales guidance with a midpoint 25% above forecasts and raised its fiscal 2027 sales outlook nearly 30% above estimates, sending its shares once soaring over 10% in after-hours trading.

Nvidia Eases Risk With Funding Cap Limit

NVIDIA Corporation(NVDA.US) is reportedly developing Nemotron 4, a new open-source AI model with over 1 trillion parameters to drive GPU demand and compete globally. Separately, CEO Jensen Huang clarified that Nvidia’s involvement in a $500 billion funding plan will cap at 25% per project, easing market credit risk concerns and tightening its 5-year CDS spread by up to 5 basis points to 72.11 bps.

Apple Holds 20th Anniversary iPhone Plan

Apple Inc.(AAPL.US) remains on track to launch a major glass-focused redesign for the 2027 20th-anniversary iPhone, refuting a recent Jefferies report claiming the project was canceled. The 2027 Pro models, internally codenamed V73 and V74, have entered late-stage testing with design plans largely finalized.