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Stocks soar, S&P 500 hits highest level in three months after key report shows slowdown in inflation

Summary by Ground News
The S&P 500 closed above 4,200 for the first time since May 4. The Dow Jones Industrial Average also exited correction territory. The Nasdaq Composite advanced 360.88 points, or 2.9%, to 12,854.80. A bear market is typically a drop of 20% or more from a recent high.

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Bias Distribution

  • 40% of the sources lean Left, 40% of the sources are Center
40% Center

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CNBC broke the news in United States on Tuesday, August 9, 2022.
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