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Live news updates: Asian stocks follow Wall Street higher as inflation reprieve bolsters confidence Financial Times
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Dow futures tick higher after Wednesday's market rally CNBCJuly's CPI Reached 8.5%, Average Price Of Gas Was Dollar Less Than In June NBC NewsConsumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit CNBCInflation hasn't peaked yet because rents are still rising fast MarketWatchFactbox: Is global inflation nearing a peak? ReutersView Full Coverage on Google News
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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb ReutersConsumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit CNBCWall St set to open sharply higher after softer-than-expected CPI data Kitco NEWSInflation hasn't peaked yet because rents are still rising fast MarketWatchJuly's CPI Reached 8.5%, Average Price Of Gas Was Dollar Less Than In June NBC NewsView Full Coverage on Google News
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Stocks soar, S&P 500 hits highest level in three months after key report shows slowdown in inflation CNBCInflation climbed 8.5% in July as prices cool but remain near record high Fox BusinessJuly's CPI Reached 8.5%, Average Price Of Gas Was Dollar Less Than In June NBC NewsInflation hasn't peaked yet because rents are still rising fast MarketWatchThe spike FXStreetView Full Coverage on Google News
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U.S. stock indexes closed on Wednesday at their highest levels since early May, after the July consumer price index report showed a slowdown in headline inflation, primarily thanks to falling energy prices.
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 Inflation backed off a 40-year high last month as gas prices fell but food and rent costs rose again, CPI report shows
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Readers share how higher food prices and inflation affect what they put in the fridge.
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After four days in the red, U.S. stocks closed on Wednesday at their highest levels since early May following a July inflation report that came in slightly cooler than expected, sparking a sharp rally in both stocks and bonds. The S&P 500 gained 87.75 points, or 2.1%, to close at 4,210.24, marking the first time the U.S. equity benchmark closed above 4,200 since May 4. The Dow Jones Industrial Average gained 535.43 points, or 1.6%, to finish at 33,309.32. The Nasdaq Composite advanced 360.88 points, or 2.9%, to 12,854.80, exiting bear-market territory after 107 trading sessions. The Dow also exited correction territory. A bear market is typically seen as a drop of 20% or more from a recent high, while a correction is defined as a drop of 10% or more from a recent high.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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