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S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings ReutersStock futures are flat after soft inflation reading lifts market: Live updates CNBCConsumer inflation cooled more than expected in June as gas prices fell Fox BusinessInflation cools in June as oil prices drop. Here's where prices dropped and where they increased WMTW
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Americans got some relief at the gas pump in recent weeks, enough to slow down inflation. That might not last long as the U.S. and Iran continue to vie for control of the Strait of Hormuz.
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U.S.-Iran War Latest: Oil prices surge as Trump aims to reinstate Strait of Hormuz blockade, U.S. to add fees CBS NewsOil prices off highs after Trump abandons 20% fee on Strait of Hormuz traffic CNBCTrump Backs Off 20% Fee for Strait of Hormuz Shipments Bloomberg.comTrump retreats from shipping toll, limits blockade in Strait of Hormuz The Washington Post
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US stocks hold steadier after inflation data, even as IBM plunges AP NewsInflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJSinking inflation gives Warsh and Trump a lift PoliticoConsumer prices rose 3.5% annually in June, less than expected as energy prices eased CNBC
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The company said the shortfall in its software and infrastructure business was tied to clients spending on memory ahead of price hikes.
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Computer software is now packed with AI, and that's driving up costs, inflation data shows.
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The news of an improvement in consumer prices in June came as the U.S. and Iran escalated attacks, risking a return to high energy prices.
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Inflation Slowed to 3.5% in June, as Americans Got a Break From Gasoline Prices WSJInflation falls for the first time in six years, as Fed Chairman Warsh prepares to face Congress CNNConsumer inflation rate falls for the first time since 2020 Los Angeles TimesCPI Report Live Updates: Inflation Cools to 3.5% Annually as Oil Prices Drop The New York TimesInflation cools more than expected in June as gas costs fall, underlying prices ease AP News
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