• $ 1.7
  • € 1.9834
  • ₽ 0.020901
  • ₺ 0.0412
  • £ 2.2866

Wall Street rallies as inflation holds steady, rate cut hopes rise

Wall Street rallies as inflation holds steady, rate cut hopes rise
13.08.2025 12:28

U.S. stock markets closed sharply higher on Tuesday, with the S&P 500 and Nasdaq hitting new record highs after inflation data came in below expectations, boosting investor confidence in a potential interest rate cut by the Federal Reserve.

The Consumer Price Index (CPI) rose 2.7% year-on-year in July, unchanged from June, according to the U.S. Department of Labor. Analysts surveyed by Trading Economics and MarketWatch had expected a rise to 2.8%.

Cooling price pressures reinforced expectations that the Fed could cut rates by 25 basis points as early as September, with market participants now seeing a 90% chance of such a move.

Small business sentiment also improved, with the NFIB Small Business Optimism Index climbing to a five-month high of 100.3 in July from 98.6 in June.

Among major movers, United Airlines shares jumped 10.2%, Delta Air Lines gained 9.2%, and Southwest Airlines rose 5.7%. Tech giants Apple (+1.1%), Microsoft (+1.4%), and Alphabet (+1.2%) also posted gains.

Cardinal Health dropped 7.2% after announcing a $1.9 billion acquisition of Solaris Health. Shares in McDonald’s fell 0.9%, IBM and Johnson & Johnson were down 0.6%, and Mosaic lost 4%.

The Dow Jones Industrial Average rose 483.52 points (+1.1%) to 44,458.61, the S&P 500 gained 72.31 points (+1.1%) to 6,445.76, and the Nasdaq Co.

Similar news
Similar news
OPEC+ exceeds output cut target with 102% compliance — Novak
Business 15:00
OPEC+ exceeds output cut target with 102% compliance — Novak
Three killed, several injured in accident at Nakhchivan resort
Business 14:30
Three killed, several injured in accident at Nakhchivan resort
Eric Trump becomes billionaire after American Bitcoin shares surge
Business 10:00
Eric Trump becomes billionaire after American Bitcoin shares surge
Turkey’s TPAO eyes BP’s former Caspian projects, seeks role in Dostlug field
Business 18:00
Turkey’s TPAO eyes BP’s former Caspian projects, seeks role in Dostlug field
Baku ICPC 2025: Kapital Bank takes part in a global programming project
Business 16:53
Baku ICPC 2025: Kapital Bank takes part in a global programming project
Moody’s: Azerbaijan emerges as regional leader in renewable energy
Business 14:00
Moody’s: Azerbaijan emerges as regional leader in renewable energy
Azeri Light crude rises above $71 per barrel
Business 13:00
Azeri Light crude rises above $71 per barrel
SOCAR to invest $280 mln in Pakistan’s White Oil Pipeline
Business 12:30
SOCAR to invest $280 mln in Pakistan’s White Oil Pipeline
Azerbaijan Central Bank exchange rates
Business 12:00
Azerbaijan Central Bank exchange rates
Anews TV

Our official Youtube channel

Subscribe