Tame Inflation, Turbocharged Chips: Nasdaq Pulls Ahead at Midday
Stocks grind higher at midday as a tame July CPI print (3.4% headline, 2.4% core) eases rate anxiety and a chip/AI rally led by CoreWeave, Marvell, and Micron pushes the Nasdaq out front. Gold above $4,400 and firm oil signal the geopolitical hedge hasn't gone anywhere.