Stock market news live updates: Stock futures rise ahead of key inflation print

Financial

U.S. stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than expected inflation reading for July. The benchmark S&P 500 jumped 1.7%, while the Dow Jones Industrial Average surged 500 points, or about 1.6%. The tech-heavy Nasdaq Composite gained 2.1%. July’s CPI report showed prices moderated last month, giving hope to…

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