Stock Market Today, Aug. 12: Stocks Edge Higher as Inflation Data Eases Fed Rate Pressure
The Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.54% to 26,588, and the S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,749 after inflation data reassured traders. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.04% to 53,770.
The Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.54% to 26,588, and the S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,749 after inflation data reassured traders. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.04% to 53,770.
BELLINGS Intelligence Score: 72
Why it matters
The inflation data released today materially eases market expectations for Fed rate hikes, directly impacting borrowing costs and credit conditions across markets, making it highly relevant for credit professionals.
Sources
Nasdaq
Stock Market Today, Aug. 12: Stocks Edge Higher as Inflation Data Eases Fed Rate Pressure
The Nasdaq Composite (NASDAQINDEX:^IXIC) gained 0.54% to 26,588, and the S&P 500 (SNPINDEX:^GSPC) rose 0.26% to 7,749 after inflation data reassured traders. The Dow Jones Industrial Average (DJINDICES:^DJI) slipped 0.04% to 53,770.