Wall Street quarterly gains S&P 500 Nasdaq

by Not A Charm: New York Stock Exchange

Second quarter in a row of gains for both the S&P 500 and the Nasdaq, even with Wall Street finishing the session mixed. The push behind that: an inflation print that came in under what people expected, which took some heat off worries about the Fed raising rates again in October. Inflation itself is still running above where policymakers would like it, so this isn't a clean win. What stocks are really pricing in is the idea that rates come down at some point, and everyone keeps watching the Fed in case the policy picture flips. Writer: Sol