Cisco and SpaceX Stocks Soar Amid Mixed Market

The US stock market closed mixed on Wednesday, with the Dow Jones Industrial Average falling by just 0.04% to 53,770.27.

The S&P 500 rose 0.26% to 7,748.50 and the Nasdaq advanced 0.54% to 26,588.48.

July's CPI data showed a year-over-year increase of 3.4%, down from June's 3.5%, while core inflation slowed to 2.5% from 2.6%

Cisco Systems Inc.'s stock rose by 2.86% to $123.88 after the company reported fourth-quarter revenue of $17.25 billion, exceeding analyst estimates.

SpaceX shares surged 9.65% to $146.15 as it announced that its Starlink service now serves over 13 million consumer subscribers.