Stock Markets Rally on Strong First Half Performance

The Dow Jones Industrial Average rallied after the release of the Federal Reserve's preferred inflation indicator, the PCE price index, which showed a slight cooling in inflation. Nike stock fell due to missed earnings views. The 10-year U.S. Treasury yield attempted to break out of its recent trading range. Other stocks that performed well include Tesla, Apple, Microsoft, Alphabet, and Meta Platforms. JPMorgan, Merck, and Salesforce are among the Dow Jones stocks to watch. Chipotle, MongoDB, and Lam Research are also top growth stocks to keep an eye on.