Stocks Advance as Tech Gains Offset Inflation Concerns
Major indexes rose despite hotter-than-expected core CPI report; VIX fell as Fear & Greed gauge showed cautious optimism.
Where the market closed
Index levels, yields and exchange rates at the US close. Source: market data via Yahoo Finance. New to index investing? See our complete S&P 500 guide.
What moved the market
Equities advanced despite a hotter-than-expected core inflation report that has put a Federal Reserve rate hike firmly in play for next week's meeting under Chair Kevin Warsh, according to market commentary. Tech-related developments, including SpaceX's $1.1 billion-per-month AI computing deal and The Boring Company's $3 billion funding round at a $23 billion valuation, helped lift sentiment.
The 30-second read
- •All major indexes rose; Nasdaq led with +0.96%, Dow gained +0.98%
- •Core CPI came in hot; traders now pricing potential Fed hike next week
- •SpaceX signed $1.1B/month AI computing deal; Boring Co raised $3B at $23B valuation
- •10-year Treasury yield ticked up to 4.97%; VIX declined 11.3%
- •Bitcoin fell below key moving averages, traded near $77,277
What to watch next
- Next weekFederal Reserve policy decision (Chair Kevin Warsh)
- Weekend tradingBitcoin range boundaries ($75,688–$82,281)
Reference & disclosures
Sources & headlines
- Elon Musk’s Boring Company raises $3B at $23B valuation — Yahoo
- Bitcoin sellers regain the short-term advantage ahead of weekend trading — Forexlive
- SpaceX signs $1.1 billion-per month computing deal — Yahoo
- Bitcoin Suisse to shift up to half of Swiss jobs abroad — Cointelegraph
- EBAY Paid Holders $19 Billion While The Stock Trailed The Market — Yahoo
- Meta Muse Personal AI Agent Promising, But Near-Term Monetization Potential Likely Limited, Wedbush Says — Yahoo
- Jaguar LAA, Inc. Announces Acquisition of Assets Related to the Laminar Program — Yahoo
- Disney’s ABC Reportedly In Talks To Keep Jimmy Kimmel As Late-Night TV Ad Spending Slumps — DIS Stock In Focus — Yahoo
- Kimberly Clark is Down 20% From Its 52-Week High. Is the Dip Worth Buying? — Yahoo
- CPI Inflation Came Hot: Watch These Stocks If Kevin Warsh Hikes Next Week — Yahoo
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