According to E Daily, major U.S. stock indices rose on August 13 after July producer price inflation came in softer than expected. The S&P 500 advanced 0.65% to close at 7,798.99, while the Nasdaq Composite gained 0.81% to 26,803.03. The Dow Jones Industrial Average rose 0.13% to 53,840.05. July PPI rose 0.0% month-over-month, below consensus expectations of 0.2% growth, bolstering expectations that the Federal Reserve may hold interest rates steady at its September meeting. CME FedWatch data showed investors pricing in a 65.4% probability of a rate hold next month. Individual stocks saw mixed performance, with memory chipmakers SanDisk and Micron Technology surging 13.7% and 4.2% respectively, while Cisco Systems declined 8.4% after disappointing guidance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate US. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate US does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments involve high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
