US Stocks-S&P 500 ends higher as CoreWeave results fuel AI optimism
SPY•Major indexes and Fed rate expectations
According to preliminary data, the S&P 500 .SPX gained 20.38 points, or 0.26%, to end at 7,748.58 points, while the Nasdaq Composite .IXIC gained 145.70 points, or 0.55%, to 26,588.49. The Dow Jones Industrial Average .DJI fell 30.28 points, or 0.06%, to 53,761.57.
Traders are now pricing in a 62% chance of the Fed holding rates at its September meeting, according to CME's FedWatch Tool. Before the July inflation data was released, bets were split between a hike and no change.
Other stocks moving on earnings and guidance
The conflict between the U.S. and Iran remained volatile as a senior Iranian source said there had been no progress in talks to revive the interim deal reached in June and define a time frame to implement it, while shipping attacks continued.
Cava Group CAVA.N advanced after the restaurant chain beat Wall Street expectations for second-quarter sales and core profit.
