Risk rally, soft inflation data, buybacks: Market Takeaways
Major market indexes (^DJI, ^IXIC, ^GSPC) closed Tuesday in the green following a softer-than-expected inflation report in the form of July's Producer Price Index (PPI), which has fueled investor optimism about potential Federal Reserve interest rate cuts. The US Bureau of Labor Statistics is scheduled to report the Consumer Price Index (CPI) for the month of July tomorrow morning.
Yahoo Finance markets and data editor Jared Blikre provides insights into the day's top market trends including ongoing risk rallies, Wall Street's bullish outlook on rate cuts, and the uptick in corporate buybacks as fund flows peak.
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This post was written by Angel Smith