S&P 500 closes at record high as tame inflation data fuels tech rally

The S&P 500 reached a record high after July CPI data showed cooling inflation, triggering a significant tech rally. This trend suggests potential for sustained growth and a cautious Fed policy, influencing overall market dynamics. Notably, CoreWeave stock jumped 21% during this period. The market close was extensively covered by Bloomberg across multiple platforms, confirming that tame inflation figures provided the necessary momentum for the index to hit its new peak and boost technology stocks.