) gave an update on its artificial intelligence strategy that failed to impress investors. AMD dropped 3.6%.
On a year-on-year basis, headline inflation increased by a less-than-estimated 4.0%, reflecting declines in the cost of energy products and services, including gasoline and electricity. "But it's another one of those that you can cut whichever way you want to make your case. If you want to be bullish, you say inflation is down more than 50% since its peak. If you want to be bearish, you can say inflation is still more than twice the Fed's target," Young said.
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S&P 500, Nasdaq Composite see highest close since April 2022 as stocks power higherThree major U.S. stock indexes rose on Monday as stocks built on their gains following the S&P 500’s exit from bear-market territory late last week. The Dow Jones Industrial Average increased by 189.55 points, or 0.6%, to 34,066.33:
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Stocks rise as inflation levels slow to the lowest since early 2021: Live updatesThe S&P 500 and Nasdaq Composite closed on Monday at their highest levels since last April.
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