Wall Street equities climb after inflation data
SPY•Morning market snapshot
Here is your morning snapshot from 10:05 a.m. ET (1405 GMT):
- Main U.S. equity indexes rise
- Tech leads sector gainers; energy is biggest loser
- Euro STOXX 600 index up ~0.2%
- Dollar, gold dip; U.S. crude down >3%; bitcoin up slightly
- U.S. 10-year Treasury yield slides to ~4.61%
Technology leads sector gains
Technology is by far the biggest sector boost, with both chips and software gaining. The Philadelphia Semiconductor Index .SOX and the S&P 500 Software and Services Index .SPLRCIS are both up more than 1.5%.
The S&P growth index .IGV is up 0.8%, surpassing a roughly 0.5% advance in the S&P 500 value index .IVX.
Wall Street equities climb after inflation data
Wall Street's three main indexes are gaining ground on Thursday after July's latest inflation reading.
Most of the S&P 500's 11 major industry indexes were advancing, with technology .SPLRCT, real estate .SPLRCR and communication services .SPLRCL leading the charge with gains of 1% or more. The biggest decliner is energy .SPNY, which is down more than 1%.
Big drags from individual stocks are from Cisco Systems CSCO.O, off about 7%, after its revenue forecast for 2027 didn't meet lofty investor expectations, and Tapestry TPR.N, which is tumbling 15% after it forecast disappointing annual sales growth.
