S&P 500 above three-month high on more signs of cooling inflation2 min read 11 Aug 2022, 08:03 PM IST
Growth and technology stocks rebounded after data showed U.S. producer prices unexpectedly fell in July bolstering the chance of a 50-basis point hike by the Federal Reserve in September instead of 75 basis points
The S&P 500 was trading at its highest level in more than three months on Thursday, extending a rally from the previous session as fresh evidence of cooling inflation further cemented hopes of a smaller rise in interest rates.
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