S&P 500 Up on CoreWeave AI Optimism; July CPI at 3.4%
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- S&P 500 ended higher as CoreWeave earnings results fueled AI-sector optimism, per Reuters.
- July consumer prices rose 0.1% monthly to a 3.4% annual rate, matching expectations, with subdued core inflation easing pressure on the Fed, per CNBC and Bloomberg.
- US stocks were mixed overall after the inflation data and AI earnings crossed the tape, per the WSJ.
Why it matters: CoreWeave's results delivered enough AI optimism to lift the S&P 500, while an in-line 3.4% annual CPI and subdued core inflation eased immediate Fed pressure — two competing forces captured in a single trading session.
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