NEW YORK — U.S. stocks are sticking near their records after the latest update on inflation bolstered Wall Street’s belief that some relief on interest rates will come as soon as September. The S&P 500 was drifting between small gains and losses in early trading Thursday. The Nasdaq composite edged up 0.1%, while the Dow Jones Industrial Average slipped 37 points, less than 0.1%.
Delta's results dragged other airlines lower, with United and American falling 4.5% and Southwest and JetBlue each losing 2.6%. Markets have been topping records despite a slowing U.S. economy and a tightening squeeze on lower-income households. On Thursday the U.S. government will release the latest monthly update on inflation. Economists believe Americans spent 3.1% more for food, airline tickets and other goods compared with June of last year. That would be a touch slower than May’s 3.3% inflation rate.
In Tokyo, the Nikkei 225 jumped 0.9% to finish at 42,224.02, again surpassing its all-time high after closing at records on Tuesday and Wednesday.
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