Reported about 5 hours ago
US stocks gained on Thursday as the latest inflation data indicated a rise in consumer prices, setting the stage for potential interest rate cuts, despite an increase in jobless claims signaling labor market weakness. The Dow Jones Industrial Average and S&P 500 rose over 0.3%, while the Nasdaq Composite gained around 0.4%. The Consumer Price Index reported a yearly inflation rate of 2.9%, complicating the Federal Reserve's decision on rates, as traders bet on a 90% chance of a quarter-point cut in September.
Source: YAHOO