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Stocks Snap Losing Streak as Inflation Data Meets Forecasts
U.S. stocks fought back on Friday, bouncing off a three-day slide after a closely-watched inflation reading delivered no unwanted surprises. The rally provided a welcome respite, lifting the S&P 500 and its peer indexes to solid daily gains. Nonetheless, the week ultimately belonged to the bears, as the early-week sell-off ensured the market finished with a weekly decline, a reminder of the fragile sentiment prevailing among investors.
Stocks Rebound as Inflation eases
U.S. stock futures rose as investors reacted positively to tame inflation data, which boosted hopes for a potential Federal Reserve rate cut in October. Nvidia and Palantir are nearing buy points, signaling possible bullish momentum, while broader indexes like the Dow Jones rebounded after recent losses. The market also absorbed news of new tariffs announced by former President Donald Trump, adding a layer of geopolitical tension. Overall, investor sentiment was lifted by signs of consumer resilience and technical indicators suggesting a potential market bottom. Source
Deal Rationale and Controversy
President Trump has signed an executive order advancing a deal for TikTok's U.S. operations to be taken over by a consortium of American investors, including Oracle. The arrangement, which aims to address data security concerns, uniquely involves the new company paying a multi-billion dollar fee to the U.S. Treasury. The deal is still being finalized.
