S&P 500 Set Records, SanDisk Jumped 60% Off July's Lows: This Week on Wall Street
Cool inflation data cut September rate-hike odds to 25% and lifted the S&P 500 to a 27th record close, while SanDisk gained 34.7% and Tapestry dropped 20.5%.
Good inflation news made investors feel happier, so the big stock list hit an all-time high. When people feel less worried about prices going up, they often buy more stocks, which is a hint about the overall mood.
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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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