Business & Finance: US Today

16.9% — the S&P 500's blended net profit margin for Q2, the highest since FactSet began tracking in 2009, proving this rally has real earnings muscle behind it.

Market Movers

• S&P 500 closed at a record high, jumping 0.65% after cooler-than-expected producer inflation data eased fears of further Fed rate hikes.
• Russell 2000 also hit a record close, rising 0.3% — a sign the rally is broadening beyond mega-caps.
• SanDisk surged 13% and...