US Stocks Soar After Inflation Update, But Boeing Crash Casts a Shadow!
by Arturo Iglesias in FinanceU.S. stock indexes rose on Thursday after encouraging inflation data. The S&P 500 increased by 0.4%, the Dow Jones Industrial Average gained 101 points (0.2%), and the Nasdaq composite rose 0.2%. Oracle's strong profit and revenue fueled a 13.3% jump, offsetting Boeing's 4.8% loss following a plane crash. Easing Treasury yields, due to better-than-expected inflation and higher jobless claims, further supported the market. While the Federal Reserve is expected to hold interest rates steady next week, market sentiment anticipates a rate cut in September. President Trump's tariffs continue to be a source of uncertainty. Chime Financial saw a 37.4% surge on its first trading day, while GameStop dropped 22.5% after announcing a $1.75 billion borrowing plan. Global markets were mixed, with Hong Kong's Hang Seng index falling 1.4%.
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