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Barchart

Rich Asplund

Stocks See Support from Favorable July CPI Report

United States Mars US Federal Reserve

The S&P 500 Index ($SPX) (SPY) today is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.32%.

US stocks today are mixed, with the S&P 500 and Nasdaq 100 posting 1-1/2 week highs. The broader market is modestly higher as the US July CPI report was slightly weaker than expectations, reinforcing expectations for the Fed to cut interest rates next month. Also, M&A activity supported stocks today after Mars agreed to buy Kellanova in a deal valued at $36 billion.

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