S&P 500 Tops 7,800 for the First Time as Cooling Inflation Fuels a Broad Rally Into the Close
Stocks pushed the S&P 500 through 7,800 for the first time as a flat PPI reading and near seven-month-low volatility fueled a broad, Materials-and-Financials-led rally. Energy lagged and earnings reactions were mixed, with eyes on a record close and Applied Materials' after-the-bell report.