U.S. Market Closes at Record Highs

U.S. equities surged to new highs following a surprising Consumer Price Index (CPI) report, which indicated lower inflation than expected. This positive economic indicator boosted investor confidence, driving major indices upwards.

Details on CPI Report

The CPI data revealed a monthly increase of only 0.2%, significantly lower than analysts’ predictions. Year-over-year inflation also dropped to 3.7%, providing further reassurance about the economy’s stability.

Market Reaction

Investors responded positively, with the S&P 500 climbing by 1.5% and the Nasdaq gaining 2%. This bullish trend reflects renewed optimism in the market amid ongoing economic uncertainties.

Sector Performance

Technology and consumer discretionary sectors led the rally, with notable gains from companies like Apple and Amazon. Their performance underscores a broader recovery trend across the markets.