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10h ago

Wall Street Advances After CPI, Jobless Claims Reinforce Rate-Cut Outlook

Investors see in-line inflation with weakening labor data keeping the Fed on track to start easing next week.

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Un opérateur à la Bourse de New York, le 11 août 2025
La salle de contrôle d'Euronext, société qui gère la Bourse de Paris
Des opérateurs à la Bourse de New York le 15 août 2025

Overview

  • The consumer price index rose 0.4% in August from the prior month and 2.9% from a year earlier, a monthly print slightly above forecasts with the annual rate in line.
  • Initial jobless claims climbed to 263,000, the highest since 2021, a sign of cooling employment that investors judged as giving the Fed more scope to lower rates.
  • By early trade, the Dow rose about 1%, the S&P 500 gained roughly 0.5%, and the Nasdaq advanced near 0.4%, while the 10-year Treasury yield eased to around 4.02%.
  • Market gauges still lean toward a quarter-point cut at next week’s Fed meeting, and some analysts expect total reductions of about three-quarters of a point by year-end, according to CME FedWatch and market commentary.
  • Single-stock moves persisted: Oracle fell after a sharp rally on bullish cloud guidance and a Wall Street Journal report of a large, unconfirmed OpenAI contract, while Klarna slipped on day two of trading after raising over $1 billion in its New York listing; in Europe, Paris shares firmed as traders eyed the ECB decision and a Fitch review that could lower France’s AA rating.