Wall St gains as AI earnings lift tech, inflation data supports rate-hold bets
Wall Street’s main indexes rose on Wednesday, with the Nasdaq outperforming peers as upbeat earnings from AI infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced bets the Fed will hold interest rates steady. Data showed U.S. consumer prices increased slightly in July, weakening the argument for the central bank to hike interest rates next month. Traders…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
