---
title: "Wall Street rallies as July's CPI remains steady at 2.7%, fueling rate cut speculation. S&P 500 hits 6,430 points, Nasdaq 100 reaches 23,780 points. JETS ETF surges 6% on airline fares spike. Dow Jones gains 1%, Russell 2000 jumps 2.2%. United Airlines (UAL) and Delta Air Lines (DAL) see 9% increase. Gasoline down, while consumer costs like transportation, medical care, and used cars rise."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253873618.md"
description: "Wall Street rallied as July's CPI held steady at 2.7%, sparking speculation for interest rate cuts. The S&P 500 and Nasdaq 100 reached record highs at 6,430 and 23,780 points, respectively. The Dow Jones gained 1%, and the Russell 2000 jumped 2.2%. Airline fares surged 4% monthly, boosting airline stocks, with the JETS ETF rising 6%. While gasoline prices fell, costs for transportation, medical care, and used cars increased. United Airlines and Delta Air Lines both saw a 9% rise in their stock prices."
datetime: "2025-08-20T20:47:06.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253873618.md)
  - [en](https://longbridge.com/en/news/253873618.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253873618.md)
generator: "portal-rs"
---

# Wall Street rallies as July's CPI remains steady at 2.7%, fueling rate cut speculation. S&P 500 hits 6,430 points, Nasdaq 100 reaches 23,780 points. JETS ETF surges 6% on airline fares spike. Dow Jones gains 1%, Russell 2000 jumps 2.2%. United Airlines (UAL) and Delta Air Lines (DAL) see 9% increase. Gasoline down, while consumer costs like transportation, medical care, and used cars rise.

Wall Street experienced a rally as fears around widespread tariff-related cost pressures eased due to July's inflation data. The Consumer Price Index (CPI) remained steady at 2.7% year-over-year, below expectations, signaling possible interest rate cuts. The core CPI, excluding energy and food, exceeded estimates at 3.1% annually. S&P 500 and Nasdaq 100 indices reached record highs at 6,430 and 23,780 points, respectively. Dow Jones surged by 1%, while the Russell 2000 saw a 2.2% jump. Gasoline prices fell, impacting the headline reading, but other expenses like transportation, medical care services, and used cars rose. Airline fares spiked 4% monthly, leading to a rally in airline stocks, with US Global JETS ETF surging 6%. United Airlines Holdings Inc. (UAL) and Delta Air Lines Inc. (DAL) saw a 9% increase.

### Related Stocks

- [UAL.US](https://longbridge.com/en/quote/UAL.US.md)
- [DAL.US](https://longbridge.com/en/quote/DAL.US.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**