S&P 500 hits fresh record as inflation data softens rate-hike bets
TL;DR
US stocks rose with the S&P 500 posting a new record as inflation data suggested rate hikes may slow, while the Nasdaq gained about 0.8% led by tech names; the Dow edged higher. Traders digested CPI and PPI readings and a batch of earnings, noting notable moves in Applied Materials, Workday, SanDisk/SNDK, Netflix, and Figma, as oil prices slipped and unemployment claims showed mixed signals.
- Stock market today: S&P 500 notches record high, Nasdaq rallies after soft inflation data Yahoo Finance
- S&P 500 rises to record after more encouraging inflation data: Live updates CNBC
- US stocks tick toward records as oil prices drop and inflation gets less bad AP News
- Asian Stocks Poised to Gain on Benign US Inflation: Markets Wrap Bloomberg.com
- Cool Inflation Data Propels Stocks to Fresh Records WSJ
Want the full story? Read the original reporting
Read on Yahoo Finance