S&P 500 closed at a record 6,445.76, while Nasdaq rose to 21,681.90

Description

The S&P 500 hit a new record on Tuesday, closing at 6,445.76 after climbing 1.13%, while the Nasdaq Composite also broke fresh ground, ending at 21,681.90 with a 1.39% gain. The Dow Jones Industrial Average added 483.52 points, or 1.10%, to finish at 44,458.61. The rally came after inflation numbers for July came in slightly cooler than expected, fueling expectations that the Federal Reserve could cut interest rates as soon as next month, according to data from Dow Jones. The July consumer price...