Reported 2 months ago
US stocks experienced a significant rise on Tuesday, led by the S&P 500 and Nasdaq, following the release of cooler-than-expected inflation data. The Producer Price Index (PPI) showed only a 0.1% increase month-over-month in July, aligning closely with the Federal Reserve's inflation target, which boosted investor confidence. As Wall Street anticipates further consumer price updates and potential Fed rate cuts, notable stock movements included Starbucks surging over 20% and Chipotle dropping after a CEO transition.
Source: YAHOO