Auto Select · publishedNasdaq Opens 0.9% Higher as Wall Street Finds Relief in CPI at 3.4%
Nasdaq Opens 0.9% Higher as Wall Street Finds Relief in CPI at 3.4%
2026-08-12 Wall Street opened higher after the July U.S. Consumer Price Index (CPI) matched market expectations exactly. In early trading, the Nasdaq Composite rose approximately 0.9%, the S&P500 gained around 0.5%, and the Dow advanced about 0.2%, rebounding from the previous day's broad-based decline. The key was not a sharp drop in inflation. Rather, investors were relieved that the data did not exceed expectations and intensify concerns about further Federal Reserve tightening.
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