Nasdaq Leads US Stock Gains Following Soft Inflation Data

Key Facts

Reflecting market optimism over cooling price pressures, US stocks led by the Nasdaq index rose during the final hour of the trading session. This rally was driven by the release of soft inflation data, which according to reports suggests the Federal Reserve may have more room to pause interest rate hikes or pivot its monetary stance. This development is particularly bullish for growth-oriented tech stocks that are highly sensitive to interest rate expectations.

These gains come as global markets show a varied response to inflation trends, with Germany recently reporting a 0.3% monthly decline in its Consumer Price Index per market data from July 10, 2026. In comparison, official data from China showed annual inflation slowing to 1% on July 9, 2026, missing the 1.1% forecast, further supporting the global narrative of decelerating inflation across major economies.

Looking ahead, investors are closely monitoring the upcoming release of the FOMC Minutes for clearer signals on future policy directions. In the absence of real-time price data, focus remains on whether this upward momentum can be sustained, especially as US Initial Jobless Claims recently stabilized at 215,000 according to official figures, indicating labor market resilience amid cooling inflation.