US Equity Indexes Trade Mixed Amid Soft Inflation Report
US equity indexes traded mixed as August spending growth and a soft inflation report left investors optimistic about the direction of interest rates. The Salesforce (CRM) stock surged on Wednesday, driven by a broader recovery in tech and software stocks.
The move appears to be driven by cooler inflation data from the Bureau of Economic Analysis (BEA), which has reduced the likelihood of further rate hikes. As a result, US equity indexes traded mixed, with some indexes steady as the PCE data drove rate hike odds lower.
Microsoft, Box, and Dropbox were among the winners from OpenAI's DevDay announcements, according to RBC. The Healthcare Data Monetization Market is projected to reach USD 1.3 billion by 2031, up from USD 0.7 billion in 2026, according to MarketsandMarkets.
The CRM stock options chain shows a contract with a strike price of 330.00 and an expiry date of October 2, 2026. The intrinsic value is 100.43, and the extrinsic value is also 100. The premium for this option is not available in the source.