TradingKey – U.S. inflation data continued to cool, boosting market expectations that the Federal Reserve will not need to raise interest rates sharply this year. The three major U.S. stock indexes all rose, and large-cap tech stocks gained ground, though chip and memory stocks were sold off.
At the close, the Dow Jones Industrial Average rose 0.29% to 52,658.64 points; the Nasdaq Composite Index gained 0.62% to 26,269.23 points; and the S&P 500 Index rose 0.38% to 7,572.40 points.
Tech Stock Performance
SpaceX (SPCX) fell 0.6% to $135.27, hitting an intraday low of $132.15, breaking below its IPO price.
Reportedly, SpaceX will release its first quarterly results since going public in August, when the share lock-up periods for the first…
