US stocks today: Wall Street trades in green; stocks steady as US inflation data better than expected
US consumer prices rose 3.5% in June year-over-year, below May's 4.2% and economists' forecast of 3.9%.
The softer inflation data cut odds of a Federal Reserve rate hike later in July to below 17% from nearly 42%.
The S&P 500 edged up 0.1%, the Nasdaq Composite gained 0.4%, while the Dow Jones Industrial Average fell 0.2%.
Declining bond yields boosted housing-related stocks: Builders FirstSource rose 1.9% and Lennar advanced 1.5%.
Technology shares recovered, with Micron Technology gaining 4.4% and Nvidia rising 0.6%.
Story angle
Center-right
Mostly straight facts, with a light government- or market-friendly tilt.
About how the story is framed, not whether the facts are true.
Times of India
Center-right
Mixed factuality
Who owns this?
Times Group
Bennett, Coleman & Co. (Sahu Jain family)
India's largest newspaper group by circulation.
Wikipedia: Sahu Jain family