Reported 2 months ago
Stocks saw a robust rally following a softer-than-expected producer price index, which fueled speculation that the Federal Reserve may lower interest rates in September. The S&P 500 rose about 1%, led by tech giants including a 20% surge in Starbucks shares after appointing a new CEO. Meanwhile, Treasury yields fell and oil prices saw a slight decline, as market anticipation grows around upcoming economic data that could influence Federal Reserve policies.
Source: YAHOO