Wall Street struggled to extend record highs on Thursday, as investors opted to lock in profits and adopt a more cautious stance after U.S. producer inflation posted its largest increase in three years.
Following an over 8% rise on Tuesday, the stock rallied sharply on Wednesday before ending with a gain of 36.74% at $15 on significantly higher volume.
Wall Street is in full rally mode after July’s inflation data eased fears that tariff-related cost pressures were widespread. The headline Consumer Price Index (CPI) came in below expectations, holding steady at 2.7% year-over-year and fueling speculation of upcoming interest rate cuts.
Disney's ESPN to acquire NFL Network and other assets in exchange for 10% stake, boosting digital offerings. Final approval from NFL team owners needed.
Stocks slipped Tuesday as fresh economic data reignited stagflation fears on Wall Street, overshadowing a blowout quarter from Palantir Technologies Inc.
