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Informist, Wednesday, Aug. 13, 2025 Tel +91 (22) 6985-4000
Equity Alert: US mkt notches record highs on softer-than-view Jul CPI print
MUMBAI--0749 IST--US indices ended sharply higher Tuesday, with the Nasdaq Composite and the S&P 500 closing at record highs, as a better-than-expected inflation print for July boosted sentiment. Expectations for a rate cut in September soared following the print, with the CME Fedwatch tool showing a 94% probability of a 25-basis-points cut compared to an 86% probability a day ago.
The US CPI increased 0.2% on a seasonally adjusted basis in July and 2.7% on a 12-month basis, the Bureau of Labor Statistics reported. Dow Jones had expected the CPI to rise 0.2% last month and 2.8% on an annual basis. "The CPI data is supportive for equities overall, getting some good news with the Fed looking more on track to cut (rates) in September and potentially more transitory inflation," Reuters reported Katherine Bordlemay, co-head of client portfolio management, fundamental equities at Goldman Sachs Asset Management, as saying.
Among stocks, Alphabet rose over 1?ter Perplexity made a $34.5 billion cash offer to buy the company's Chrome browser, Reuters reported. Intel Corp. surged nearly 6?ter US President Donald Trump met and praised Chief Executive Officer Lip-Bu Tan and called the meeting "very interesting." This comes after Trump had demanded the resignation of Tan over the latter's investments in Chinese firms.
Analysts are now increasingly confident on the bull market sustaining even in the face of a weakening economy. "A potentially more relevant question for investors is whether fundamental weakness is likely to matter to financial markets over the next six-to-twelve months...we are beginning to lean toward the conclusion that it won't, provided it unfolds slowly," CNBC quoted analysts at BCA Research as saying. In fact, overall weakening of the economy could even be "celebrated as a catalyst" for the Federal Reserve to cut interest rates, BCA said.
Following are the closing levels of US indices Tuesday:
| INDEX | LAST LEVEL | CHANGE IN % |
| Dow Jones Industrial Average | 44458.61 | 1.10 |
| NASDAQ Composite | 21681.904 | 1.39 |
| S&P 500 | 6445.76 | 1.13 |
(Akash Mandal)
US$1 = INR 87.71
End
Edited by Tanima Banerjee
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