US500S&P 500
7,446.5
+1.11%
Past
What happened
S&P 500 rose 1.1% to a new intraday all-time high at 7,447 as tech enthusiasm overwhelmed a scorching PPI print that showed wholesale inflation at 6% YoY.
Why
Why it matters
The market is choosing to look through inflation to the AI capex cycle -- Nvidia, Micron, and semis leading tells you this is a growth bet, not a macro bet.
Watch
What to watch
CPI tomorrow is the make-or-break -- if core stays elevated, the rates repricing could finally dent equity multiples; but tech momentum may power through.
HEADLINES