Key inflation data comes in cool, leading to significant gains for S&P 500 and Nasdaq

From Google: 2024-08-13 14:20:35

The S&P 500 and Nasdaq saw significant gains as key inflation data cooled, indicating a positive outlook for the stock market. The S&P 500 rose by 0.34%, and the Nasdaq increased by 0.6%. This positive movement is attributed to the release of lower-than-expected consumer price index data, calming fears of high inflation. The Dow Jones Industrial Average also saw a slight increase of 0.02%. Investors are hopeful that this trend will continue, pointing to a more stable and prosperous stock market in the near future.



Read more at Google: Stock market today: S&P 500, Nasdaq jump higher as key inflation data comes in cool – Yahoo Finance