US stock indexes rose on Wednesday, led by the Nasdaq, as upbeat earnings from AI infrastructure companies lifted technology shares. Broadly in-line inflation data also strengthened expectations that the Federal Reserve would leave interest rates unchanged, Reuters reported.
US consumer prices rose slightly in July, weakening the case for a rate increase next month. Traders now see a 55% chance that the Fed will hold rates steady in September, according to the CME FedWatch Tool, up from roughly even odds before the data.
