US stocks hit a record as oil prices ease and inflation cools slightly
- The S&P 500 rose 0.7% to a record high, while the Dow Jones Industrial Average and Nasdaq composite also advanced.
- The rally followed a U.S. wholesale inflation report showing prices were 4.7% higher than a year earlier, less severe than June’s 5.5% increase and slightly below economists’ expectations.
- Treasury yields fell, and traders reduced the implied chance of a Federal Reserve rate hike at the September meeting to about 35% from roughly 50% two days earlier.
- Brent crude oil fell 2.1% to $87.07 a barrel, easing some inflation concerns and supporting stocks, especially real estate shares.
U.S. stocks closed at record levels after fresh data suggested inflation is easing somewhat and oil prices retreated. The S&P 500, Dow, and Nasdaq all gained, with the broader market benchmark topping its previous high from last week.
The report on wholesale prices showed inflation remained elevated but improved from June and came in slightly below expectations. That reinforced investor bets that the Federal Reserve may wait before raising interest rates again, which would be supportive for equities and mildly negative for the dollar and rate-sensitive assets.
Lower oil prices also helped sentiment by reducing pressure on inflation expectations. Real-estate shares were among the stronger performers, while some technology names lagged after investors questioned profit margins despite solid quarterly results.
油价回落、通胀略有放缓推动美股创下新高
美国股市在最新数据显示通胀略有放缓、油价回落后收于纪录高位。标普500、道指和纳指均上涨，其中基准指数超过了上周创下的前高。
批发价格报告显示，通胀仍然偏高，但较6月有所改善，且略好于市场预期。这强化了投资者对美联储可能暂缓再次加息的判断，对股市构成支撑，对美元和利率敏感资产则偏中性至略偏空。
油价下跌也缓解了通胀压力预期。房地产板块表现较强，而部分科技股走势落后，尽管一些公司公布了好于预期的季度业绩。