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July CPI meets expectations, inflation eases: Will the expected cuts be significant?
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Stocks Rally as Retail Sales, Jobless Claims Data Ease Investor Worries

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Luzi Ann Santos joined discussion · 2 hours ago
U.S. stocks rallied as July retail sales rose faster than expected, while jobless claims fell, easing investor fears of a recession that could crimp corporate profits.
$S&P 500 Index (.SPX.US)$ gained 1.1%, continuing its march toward a record. At 5,518.78, the benchmark is just about 150 points below the record high posted in mid-July. The tech heavy $Nasdaq Composite Index (.IXIC.US)$ advanced 1.8% to 17,505.23, while the $Dow Jones Industrial Average (.DJI.US)$ rose 0.9% to 40,380.37.
Before the market opened Thursday, the Commerce Department released data showing retail sales rose 1% to $709.7 billion. That outpaced the 0.3% expected by economists surveyed by Dow Jones, according to a CNBC report.
In the week ended Aug. 10, initial jobless claims fell 7,000 to 227,000. That's lower than the 235,000 expected by Wall Street. That assuaged investor worries that the labor market is quickly deteriorating, fueling concerns that the engine behind strong consumer spending could be weakening.
Source: moomoo PC app
Source: moomoo PC app
$Microsoft (MSFT.US)$, $NVIDIA (NVDA.US)$, $Apple (AAPL.US)$ and $Cisco (CSCO.US)$ were among the tech heavyweights gaining Thursday morning, sustaining the rally in the broader market.
(To see the price movements in the options market, click here.)

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