AI and Big Movers Propel Markets as CPI Data Aligns

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Source: Barron's
AI and Big Movers Propel Markets as CPI Data Aligns
Photo: Barron's
TL;DR Summary

Stocks rose after July’s consumer-price index data met expectations, led by AI/cloud names (Nebius, CoreWeave, SMCI) and earnings-driven moves; SpaceX gained on a Starlink launch, Quantinuum jumped after its first earnings as a public company, Wendy’s surged on takeover chatter, and Cava climbed after solid results, while Intel advanced on a stock-offering plan and Palantir, Microsoft, ServiceNow, and Workday fell; Home Depot also declined on CEO news.

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