The Communication Services Select Sector SPDR Fund (XLC)

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.

US-listed ETFs saw $19B inflows, with bond ETFs leading at $15.3B. Investors betting on Fed rate cuts, favoring short-term Treasury exposure.

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.

U.S. equities opened the week with little momentum as traders kept risk-taking in check ahead of a packed economic and geopolitical calendar.

The debt portion of the financing will be raised through the issuance of investment-grade bonds, backed by Meta’s data center assets.

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.