US equities close mixed after July CPI shows cooling inflation, boosting tech stocks and small caps to record highs.
US stocks ended mixed as softer July inflation data reduced expectations of further Federal Reserve tightening. The Nasdaq 100 led gains, rising 0.74%, while the Dow dipped 0.04% to 53,775.39.
The S&P 500 added 0.26%, and the Russell 2000 closed at a record 3,045.49, up 0.61%. The Nasdaq Composite gained 0.54%, supported by strong tech earnings and easing rate concerns.
Nebius Group (NBIS) surged 34.14% after reporting $582.3 million in revenue, up 454% year-over-year, with AI cloud revenue hitting $575 million. Adjusted EBITDA swung to $236 million from a $21 million loss.