US EditionWall Street boasts record closes as inflation data fuels rate-cut bets
- The S&P 500 and Nasdaq reached record highs due to lower-than-expected inflation data.
- The Dow Jones Industrial Average surged 350 points with hopes of a September rate cut by the Federal Reserve.
- Tech companies like Nvidia, Apple, and Microsoft saw gains, and all three major indexes closed at record highs.
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Wall Street boasts record closes as inflation data fuels rate-cut bets
The benchmark S&P 500 and the Nasdaq notched record closes on Wednesday, with both advancing more than 1%, after a smaller-than-expected rise in consumer inflation bolstered hopes for interest rate cuts by the Federal Reserve.
SooToday.com
Stock market today: Wall Street rallies to records after inflation finally slows
NEW YORK (AP) — U.S. stocks rallied to records on hopes that inflation is heading back in the right direction. The S&P 500 jumped 1.2% Wednesday to top its prior all-time high set in March. The Nasdaq composite added 1.
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