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CNBC
Stocks rise on Big Tech gains, encouraging inflation signs
On Wednesday, major stock indices rose, driven by robust gains in key technology companies amidst reassuring inflation data. The S&P 500 gained 0.4%, and the Nasdaq Composite climbed 0.6%, supported by significant contributions from companies like Amazon, Apple, and Microsoft. The market's favorable reaction was influenced by comments from Federal Reserve officials and recent economic data indicating cooling inflation, suggesting potential stabilization of interest rates in the near future. However, ongoing concerns about elevated inflation rates and fluctuating oil prices continue to temper overall market optimism.
MonitorConfidence: HighShort term horizon
Published 15 Jul 2026, 13:55 UTC2 min read
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Summary
TL;DR
- S&P 500 gained 0.4%, Nasdaq Composite rose 0.6%
- Major tech stocks, including Amazon and Microsoft, saw significant gains
- Inflation data shows signs of cooling, leading to reduced rate hike expectations
- The probability of rate increases at the Fed's July meeting dropped from 42% to 17%
- Crude oil prices rose despite stock market gains
Interesting facts
- Tesla shares jumped 2%, while SpaceX added nearly 2% as well.
- The Producer Price Index unexpectedly fell by 0.3% in June.
- Adam Crisafulli noted inflation may have peaked, but caution remains about energy prices.