Cooling Inflation Lifts Big Tech to Records as Chips Crack and SpaceX Breaks Its IPO Price
Cooler June CPI and PPI lifted the S&P 500 (+0.38%) and Nasdaq (+0.62%) to a higher close as Apple hit a record and PayPal surged 17% on buyout news, even as Micron-led chip weakness dragged semiconductors lower and SpaceX broke below its IPO price.