Stocks Rebound on Cooler Inflation, Tech Earnings
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Here’s what you might have missed in markets today. U.S. stocks snapped a
multi-day slump and finished higher after new inflation data showed prices rising slower than
expected, and strong earnings at key tech companies ignited a rebound. The Dow,
S&P 500 and Nasdaq all climbed as traders interpreted cooler inflation as meaning the Federal Reserve
won’t need to raise rates further this year. Tech demand and AI spending are
still driving gains even as inflation pressures ease, creating a rare combination of relief
and growth optimism.
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