The S&P 500 might solely be up barely, however Wall Avenue is hitting the gasoline on the risk-on commerce.
The Could CPI got here in cooler than anticipated. Whereas tariff impacts might ship inflation increased within the months forward, the truth that costs held regular to this point was an encouraging signal. Odds of a September interest-rate lower ticked increased, and bonds rallied on the information. That has led to rallies in riskier and rate-sensitive shares.
With the S&P 500 up 0.2%, the Russell 2000 was up 0.6%. The Nasdaq Composite was up 0.2%. The Dow was up 170 factors, or 0.4%.
