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S&P 500 Closes 0.65% Higher as July PPI Softens Below Forecast
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 sh
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