Growth Stocks Rally as Inflation Cools to 3.5%, Matching 2020 Lows
The stock market saw a rally in growth stocks on July 14 after inflation data cooled to 3.5%, matching levels from 2020, which helped drive 'risk-on' sentiment and boosted the Nasdaq Composite by over 1%. International Business Machines (IBM) shares dropped sharply due to an earnings warning, while CleanSpark and Tower Semiconductor surged on major deals.
Tickers: $BAC $CLSK $IBM $JPM $PSKY $SPHB $TSEM $WBD $WFC
Topics: CleanSpark infrastructure lease IBM earnings warning Tower Semiconductor expansion