S&P 500 gains after light inflation data, bounce in chip stocks: Live updates - CNBC
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- S&P 500 gained on July 14 as June inflation data came in light, with chip stocks also bouncing on the same session, per CNBC's live coverage
- Growth stocks rallied as the 3.5% June inflation reading equaled 2020 lows, while WSJ attributed the cooldown partly to Americans getting a break from gasoline prices
Why it matters: A 3.5% June print matching 2020 lows is a meaningful disinflation milestone that markets read as supportive of risk assets. If the trend holds, it strengthens the case for the Federal Reserve to consider rate cuts, directly affecting borrowing costs for consumers and corporate borrowers.
