Wall Street umps as softer producer prices data boosts rate optimism

By X-blogger - on August 14, 2024
NASDAQ Composite Indices Daily Chart

U.S. stocks hit a near two-week high after a softer producer prices data reinforced bets of an interest rate cut by the Federal Reserve in September. Megacap and growth stocks gained, with Nvidia set to lead the charge for a second session, rising over 5%.

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