US stocks rise after stable inflation reading:
Wall Street stocks rose early Wednesday following a stable US inflation reading and data showing better hiring ...
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US stocks rise after stable inflation reading: Wall Street stocks rose early Wednesday following a stable US inflation reading and data showing better hiring ...
punchng.com/us-stocks-rise-after-stable-inflation-reading/
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Key FactsUS Stocks Soar on Moderate Inflation and Rate Cut Hopes
Aug 13, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- The S&P 500 and Nasdaq reached record closing highs after July’s inflation data aligned closely with expectations.
- Core inflation increased by 3.1% in July, driving bank shares higher amid anticipation of a Federal Reserve rate reduction.
- Alphabet shares rose 1.2% following a $34.5 billion takeover bid by Perplexity for its Chrome browser.
- An extended tariff truce between the US and China until November 10 helped ease trade tensions and supported market gains.
The CPI data is supportive for equities overall, getting some good news with the Fed looking more on track to cut in September and potentially more transitory inflation.— Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management, explains the impact of CPI data on the stock market.
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