S&P 500 Hits Record on Softer Inflation
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- S&P 500 rises to a record high after another round of encouraging inflation data, per CNBC's live updates.
- US stocks tick toward records as oil prices drop and inflation gets less bad, with the Nasdaq also gaining steam on the soft inflation print (per AP News and Yahoo Finance UK).
Why it matters: A softer inflation print combined with falling oil prices is the exact combination bulls have been waiting for, and the S&P 500 hitting a record alongside Nasdaq gains signals the rally is broad-based rather than narrow. The next inflation release will determine whether today's tape is a one-day squeeze or a sustained re-rating.
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