S&P 500 closed at 7,748, up 0.3%, just shy of last week's all-time high after a tame July CPI report lowered odds of a September Fed rate hike. The Nasdaq added 0.5% to 26,588 on a red-hot AI earnings rally, while the Dow dipped 0.04% to 53,770 in the final minutes.
The core CPI rose a mild 0.1% month-over-month, matching expectations and giving the market a sigh of relief after recent inflation jitters.
