Wall Street gains on AI and inflation data
The U.S. stock indices rose, particularly companies like CoreWav and Super Micro Computer, following strong earnings results and positive outlooks in the artificial intelligence sector. The market is also awaiting the impact of moderate inflation data on the Federal Reserve’s decisions regarding interest rates. The S&P 500 increased by 0.3%, and the Nasdaq by 0.5%, while the Dow Jones remained steady. Data shows the annual core inflation rate at 3.4%, with expectations of no interest rate hikes next month. Meanwhile, forecasts continue to emphasize the Federal Reserve’s role in supporting economic stability.
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