--- title: "Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July" type: "News" locale: "en" url: "https://longbridge.com/en/news/295676047.md" description: "US stocks rose, with the Nasdaq gaining 150 points. The July CPI increased 3.4% year-over-year, matching expectations and easing from June's 3.5%. Sector performance varied, with IT up 1.2% and healthcare down 0.9%. Individual stocks saw significant volatility, including OFA Group surging 321% and Planet Green dropping 78%. Global markets were mixed, while commodities showed divergent trends." datetime: "2026-08-12T13:42:30.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/295676047.md) - [en](https://longbridge.com/en/news/295676047.md) - [zh-HK](https://longbridge.com/zh-HK/news/295676047.md) generator: "portal-rs" --- # Nasdaq Surges 150 Points; US Inflation Rate Slows To 3.4% In July U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 150 points on Wednesday. Following the market opening Wednesday, the Dow traded up 0.13% to 53,862.90 while the NASDAQ rose 0.62% to 26,608.49. The S&P 500 also rose, gaining, 0.35% to 7,755.04. **Leading and Lagging Sectors** Information technology shares jumped by 1.2% on Wednesday. In trading on Wednesday, health care stocks fell by 0.9%. **Top Headline** The Consumer Price Index (CPI) rose 3.4% year-over-year in July, line with the annual inflation economists expected and down from June’s 3.5% increase, the Bureau of Labor Statistics reported Wednesday. On a monthly basis, prices rose 0.1%, a rebound from June’s 0.4% decline and matching the 0.1% economists expected. Core CPI, which strips out food and energy, rose by 0.2% on the month, in line with forecasts. The annual core inflation rate eased from 2.6% to 2.5%, again matching expectations. **Equities Trading UP** - **OFA Group** (NASDAQ:OFAL) shares shot up 321% to $3.00. OFA Group, last month, announced a 1-for-10 share consolidation. - Shares of **Rocky Mountain Chocolate Factory** (NASDAQ:RMCF) got a boost, surging 128% to $1.53. - **Boxlight Corp (**NASDAQ:BOXL) shares were also up, gaining 81% to $5.33 after the company announced it closed a private placement for up to $7.5 million in newly created Series D Convertible Preferred Stock. **Equities Trading DOWN** - **Planet Green Holdings Corp (**NYSE:PLAG) shares dropped 78% to $1.29. Planet Green recently announced its entry into commercial operations to source, market and distribute lactoferrin for Chinese market. - Shares of **Silexion Therapeutics Corp (**NASDAQ:SLXN) were down 56% to $0.46 after the company announced the pricing of its $2.5 million public offering of 3,846,161 shares at $0.65 per share. - **Greenland Energy Co** (NASDAQ:GLND) was down, falling 35% to $1.31 after the company announced it received an update from 80 Mile that the project’s complexity will require a more extensive, comprehensive review process. **Commodities** In commodity news, oil traded down 0.4% to $82.89 while gold traded up 1.1% at $4,490.50. Silver traded up 2.2% to $66.365 on Wednesday, while copper rose 0.8% to $6.6865. **Euro zone** European shares were mixed today. The eurozone’s STOXX 600 gained 0.1%, while Spain’s IBEX 35 Index rose 0.2% London’s FTSE 100 fell 0.1%, Germany’s DAX gained 0.3%, while France’s CAC 40 fell 0.3%. **Asia Pacific Markets** Asian markets closed mixed on Wednesday, with Japan’s Nikkei 225 gaining 0.83%, Hong Kong’s Hang Seng index dipping 0.83%, China’s Shanghai Composite rising 0.32% and India’s BSE Sensex declining 0.24%. **Economics** - The Consumer Price Index (CPI) rose 3.4% year-over-year in July, line with the annual inflation economists expected and down from June’s 3.5% increase, the Bureau of Labor Statistics reported Wednesday. - On a monthly basis, consumer prices rose 0.1% in July, a rebound from June’s 0.4% decline and matching the 0.1% economists expected. - The volume of mortgage applications increased by 3.6% in the first week of August, recording the largest gain in two months. *Photo via Shutterstock* ### Related Stocks - [PLAG.US](https://longbridge.com/en/quote/PLAG.US.md) - [OFAL.US](https://longbridge.com/en/quote/OFAL.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [IXN.US](https://longbridge.com/en/quote/IXN.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [RMCF.US](https://longbridge.com/en/quote/RMCF.US.md) - [BOXL.US](https://longbridge.com/en/quote/BOXL.US.md) - [SLXN.US](https://longbridge.com/en/quote/SLXN.US.md) - [GLND.US](https://longbridge.com/en/quote/GLND.US.md) - [00HSI.HK](https://longbridge.com/en/quote/00HSI.HK.md) - [SLXNW.US](https://longbridge.com/en/quote/SLXNW.US.md) ## Related News & Research - [KFA Private Wealth Group LLC Acquires 1,642 Shares of Invesco QQQ $QQQ](https://longbridge.com/en/news/297765686.md) - [Is Eaton Corporation Stock Underperforming the Nasdaq?](https://longbridge.com/en/news/297633444.md) - [Invesco QQQ $QQQ Stake Lifted by PYA Waltman Capital LLC](https://longbridge.com/en/news/297767679.md) - [Garde Capital Inc. 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