The Nasdaq Composite rose 1.22% on Wednesday following a soft inflation report, with tech shares leading the gains; the S&P 500 increased by 0.49% and the Dow Jones slipped 0.2%. The tech sector bounced back, with Nvidia and AMD posting gains, as the consumer price index rose by 0.2%, easing concerns about stagflation and potential Fed responses to economic weakness amidst escalating trade tensions.
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Millions of Americans advised to stay indoors due to triple-digit heatwave
Millions in the US are under heat advisories as a severe heatwave affects 168 million people, particularly in the mid-west, south-east, and north-east. New York Governor Kathy Hochul emphasized the dangers of extreme heat, urging residents to check on vulnerable neighbors, while authorities set up cooling centers and extended pool hours amid record temperatures. Want More Context? 🔎
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