๐ Whoop! Stocks rally as inflation chills out! ๐ S&P 500 closed up 0.9%, Dow Jones rose 0.1%, and Nasdaq jumped 1.6% on Thursday. Producer Price Index also dropped to a 2-year low. ๐ฎ Is this the end of the rate hike campaign? Chat in the comments!๐
- A drop in consumer inflation gave markets a boost
- PPI reading for June was just 0.1%, below expectations
- Unemployment claims also unexpectedly fell last week
- Fed might ease up, but July hike odds still above 90%
Earnings season looking ๐ช! PepsiCo and Delta already impressed. Ready for Wall Street banks like JPMorgan and Citi tomorrow? Discuss below! โคต๏ธ