US stocks rise toward records as oil prices drop and inflation gets less bad

U.S. stocks are rising toward an all-time high following the latest sign that inflation is getting less bad

The U.S. stock market is drifting around its all-time high following the latest sign that inflation is getting less bad.

TOKYO, Aug 13 : Asian stocks rose on Thursday after U.S. inflation data came in as expected, dampening expectations of further near-term Federal Reserve rate hikes, while oil held near $80 a barrel as Washington and Tehran remained deadlocked over efforts to end the Gulf war.MSCI's broadest index of Asia-Pacific shares

Asian stocks rise as US inflation data dents September Fed hike bets  Reuters

Wall Street flirts with a record after AI stocks rise and worries about inflation ease a bit  AP News

S&P 500 futures climbed 0.3% and Nasdaq 100 futures rose 0.7% before the morning's consumer price index release

Euro Unlikely to Rise Too Much if U.S. Inflation Data Undershoot Forecasts  WSJ