S&P 500 Sets Record as Inflation Cools
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- S&P 500 notched a record-high close as worries about rate hikes eased.
- Nasdaq gained alongside the S&P 500 on soft inflation data, while the Dow dipped and oil prices fell.
Why it matters: U.S. equity investors ended with a record S&P 500 close because softer inflation and lower oil prices eased rate-hike concerns, but the Dow's decline shows the benefit was selective across the three reported indexes rather than uniformly positive.
Ask SkimNews
