US stocks rise to a record as oil prices drop and inflation gets less bad
- The U.S. stock market reached an all-time high as inflation showed signs of improvement.
- The S&P 500 rose by 0.7%, surpassing its previous record set the week before.
- Oil prices eased, with Brent crude falling 2.1% to $87.07 per barrel.
- Inflation at the wholesale level increased by 4.7% compared to the previous year, down from 5.5% in June.
- Traders are now betting on a 35% chance that the Federal Reserve will raise interest rates at its next meeting.
The U.S. stock market rose to an all-time high Thursday following the latest sign that inflation is getting less bad. Stocks also got a lift from easing oil prices in their latest yo-yo move. The S&P 500 climbed 0.7% and topped its prior record set last week.
The Dow Jones Industrial Average added 69 points, or 0.1%, and the Nasdaq composite gained 0.8%. Wall Street relaxed after a report showed prices at the U.S. wholesale level were 4.7% higher last month than a year earlier, which is better than economists expected.
If inflation continues to trend that way, the Federal Reserve could decide to hold off on hikes to interest rates. Traders are now betting on just a 35% chance that the Fed will raise the federal funds rate at its next meeting in September, down from the roughly 50% probability seen two days ago.
Oil prices eased back on Thursday, helping to limit worries about inflation. The price for a barrel of Brent crude fell 2.1% to $87.07. Stocks in the real-estate industry climbed as lower interest rates make dividends from real estate investment trusts more attractive.
Overall, the S&P 500 rose 50.49 points to 7,798.99, while the Dow Jones Industrial Average added 69.72 to 53,839.99, and the Nasdaq composite climbed 214.54 to 26,803.03.
美国股市因油价下跌和通胀改善而创下新高
美国股市在周四创下历史新高，因通胀改善的最新迹象显现。股票也因油价回落而受到提振，标准普尔500指数上涨0.7%，超过上周创下的前纪录。
道琼斯工业平均指数上涨69点，涨幅为0.1%，纳斯达克综合指数上涨0.8%。在一份报告显示美国批发层面的价格同比上涨4.7%后，华尔街放松了紧张情绪，该数据好于经济学家的预期。
如果通胀继续朝这个方向发展，美联储可能会决定暂停加息。交易员现在预计美联储在下次会议上加息的概率为35%，低于两天前的约50%。
油价在周四回落，帮助缓解了对通胀的担忧，布伦特原油价格跌至每桶87.07美元，跌幅为2.1%。房地产行业的股票因低利率使房地产投资信托的股息更具吸引力而上涨。
总体来看，标准普尔500指数上涨50.49点，收于7798.99，道琼斯工业平均指数上涨69.72点，收于53839.99，纳斯达克综合指数上涨214.54点，收于26803.03。