Forex
S&P 500 Hits Record High Amid Easing Inflation and Tech Gains
The US stock market ended higher on Thursday, driven by a combination of factors that boosted investor sentiment.
The S&P 500 closed at a fresh record high of 7,799.73 after briefly crossing the 7,800 mark during the session, marking a 14% gain in 2026 so far.
Technology stocks led the advance, with Meta Platforms, Broadcom, Micron Technology, SanDisk, and Netflix contributing to the sector's strength.
The Producer Price Index (PPI) was unchanged in July, below economists' expectations for a 0.2% monthly increase, further supporting expectations that the Federal Reserve will leave interest rates unchanged at its September policy meeting.