U.S. equity markets finished the session in positive territory, characterized by a broad risk-on sentiment as investors reacted to encouraging inflation data. The S&P 500 led the momentum, climbing 50.49 points (+0.65%) to reach a new record high, while the Nasdaq Composite outperformed with a 214.54-point (+0.81%) gain. The Dow Jones Industrial Average lagged slightly, adding 69.72 points (+0.13%) as weakness in specific components, such as Cisco, tempered its overall advance.

The primary catalyst for the day’s gains was the release of tame wholesale inflation figures, with the Producer Price Index (PPI) report showing that inflation remained unchanged in July. This cooling price data, coupled with a decline in Treasury yields and oil prices, bolstered investor confidence regarding the economic outlook. While the broader market rallied on the back of tech-sector strength and positive earnings reports—including notable surges from companies like Nebius Group—the session saw some uneven performance, with downward pressure noted in specific retail names like the parent company of Coach.