US stock indexes generally rise

U.S. stocks generally rose after the latest inflation data was released. The Dow Jones Industrial Average was temporarily trading at 44,422.53 points, up 1.02%. The S & P 500 rose 0.94% to 6,433.19. The Nasdaq Composite Index gained even more, rising 1.13% to 21,626.59 points. The rise in these indices reflects market optimism that the RSC may cut interest rates in September.

Aviation stocks led the gains

Among the stock rotation, aviation stocks performed outstandingly. United Airlines and Delta Air Lines rose 9.46% and 8.18% respectively. This reflects the market's optimism about the prospects of the aviation industry, which may be affected by the recent decline in oil prices and the rebound in tourism demand.

Inflation data boosts interest rate cut expectations

According to the Bureau of Labor Statistics, core inflation increased by 3.1% year-on-year in July, up from 2.9% in June. However, the overall consumer price index increased by 2.7% year-on-year, lower than economists 'expectations of 2.8%. This has greatly increased market expectations for the Federal Reserve to cut interest rates in September. CME Group data shows that 94% of traders expect a rate cut.

Meta shares hit new high

Meta Platforms performed strongly during the session, with shares rising more than 3.5% to a record high. This was mainly driven by its better-than-expected earnings report in the second quarter. In addition, the success of Meta's new social media platform Threads was also vigorously promoted by CEO Mark Zuckerberg, further boosting market confidence.

Trump's influence on economic policy

After President Trump announced his nomination of E.J. Antoni as director of the Bureau of Labor Statistics, the market responded positively. In addition, Trump's criticism of Goldman Sachs and his positive comments on tariff policies show their influence on market trends.

Individual stock dynamics show market diversification

On Holding's share price rose as results exceeded expectations and raised its outlook for the future. Hanesbrands shares soared after Gildan Activewear made a nearly $5 billion takeover bid. In contrast, Cardinal Health's share price fell as it missed revenue expectations and announced the acquisition of Solaris Health.

Other developments in financial markets

The yield on the 10-year U.S. Treasury bond rose, signaling market concerns about future inflation. The stability of the VIX panic index suggests that market sentiment is more optimistic. Oil and gold prices showed a downward trend, while the dollar weakened against the euro, pound and yen.