- The S&P 500 reached a record high above 7,800 points, driven by semiconductor gains and soft inflation data that reduced expectations for a September rate hike.
- SanDisk Corp. shares surged 15% following an optimistic roadmap announcement during its investor day, which projected strong margins and cash returns.
- Cooler producer and consumer price figures lowered the odds of a Federal Reserve rate hike at the September 16 FOMC meeting to approximately 34%.