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Core CPI, which excludes food and energy, advanced 0.2% last month, with the overall annual inflation rate landing at 3.4%.
U.S. stocks were mixed as deadlock in the Middle East offset relatively benign consumer-inflation data and an artificial-intelligence earnings bonanza.
AI stocks led the market Wednesday, fueled by Nebius, Lumentum, CoreWeave and Super Micro. Cisco and Coherent were earnings movers late.
US equity indexes ended mixed Wednesday amid stock gains by some major technology stocks and a four-
A tame July CPI report lowered odds that the Fed will hike rates in September, while strong AI earnings boosted the broad market.
July inflation came in exactly as expected, and stocks rallied for about half an hour. Here's what actually moved the market after that.
Stocks Rise After July CPI Report. Why the AI Trade Is Back in Focus
CoreWeave and Super Micro Computer earnings lifted AI-linked stocks, while cooling inflation reduced pressure on the Fed to raise rates
Aug 12 (Reuters) - The S&P 500 and the Nasdaq opened higher on Wednesday as investors assessed largely in-line inflation data, while upbeat earnings from some AI infrastructure companies provided
Stocks were rallying out of the gate on Wednesday after Wall Street shrugged off the latest inflation report. The Dow Jones Industrial Average rose 101 points, or 0.2%. The S&P 500 was up 0.5%. The Nasdaq Composite gained 0.
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next month's rate decision.View on euronews
Stock Market Today: The Dow Jones index rises on a key CPI inflation report. Nvidia partner CoreWeave soars on earnings.
US equity futures were edging higher pre-bell Wednesday as traders looked forward to the latest nati
S&P 500 futures climbed 0.3% and Nasdaq 100 futures rose 0.7% before the morning's consumer price index release
Investors braced for fresh Consumer Price Index (CPI) data, which could alter the Fed's interest rate calculus.
Stock futures were rising on Wednesday after cloud computing company CoreWeave, optical networking company Lumentum, and server maker Super Micro all reported solid quarterly results, breathing some life into the AI trade ahead of the July inflation report.
Futures tied to the the major U.S. stock indexes rose, while oil was up as the deadlock between the U.S. and Iran continued.
Fed Chair Kevin Warsh and the Federal Open Market Committee (FOMC) may be at a crossroads come the September FOMC meeting.
Asian shares were mostly higher Wednesday after U.S. stocks slipped a bit further from their records, while oil prices advanced as doubts persisted over when the war with Iran will allow crude to flow freely again. Samsung Electronics gained 7.7% and memory chipmaker SK Hynix was up 7.1%. The price of a barrel of Brent crude, the international standard, was up 0.9% at $89.67 early Wednesday.