US Markets Respond Positively to Inflation Report and Tariff Extension

Stock markets in the United States experienced significant gains on Tuesday, buoyed by a favorable inflation report and the extension of a tariff pause between the US and China. The Dow Jones Industrial Average notably increased by over 1%, reflecting investor optimism.

Inflation Rates and Market Reactions

Annual inflation remained steady at 2.7% in July, mirroring June's figures and coming in below analysts' expectations. This stability contributed to the positive momentum in the markets, alongside the 90-day extension of the tariff pause between the US and China, signaling eased trade tensions.

Performance Highlights

By 10:24 am ET, the Dow Jones had climbed by 1.03% or 450 points, while the Nasdaq 100 and S&P 500 saw increases of 0.50% and 0.58%, respectively. Additionally, the euro appreciated by 0.34% against the dollar, trading at 1.16543 by 10:28 am ET.