Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July
US stocks rise, Nasdaq up 150 points. Dow up 0.13%, Nasdaq up 0.62%, S&P 500 up 0.35%. IT shares up 1.2%, healthcare down 0.9%. CPI rises 3.4%.
Prices for stuff people buy are going up slower than before, which makes people feel better about spending money and investing. When inflation slows down, that's usually a sign the economy might be doing okay, so stocks tend to go up a little bit.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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