Wall Street surged towards record highs following cooler-than-expected US inflation data, fueling hopes for a potential Federal Reserve interest rate cut in September. The S&P 500, Dow Jones, and Nasdaq all experienced significant gains. While some companies like Intel and Circle Internet Group thrived, others such as Celanese and Cardinal Health faced setbacks despite positive earnings reports. Post navigation ‘Creating false narrative’: Oil ministry reacts to ‘fear mongering’ on 20% ethanol-blended petrol on vehicles; Here’s what it said No upper hand for US? Why Donald Trump has extended tariff truce with China for another 90 days – explained
