Cooling Inflation Fuels US Stock Rally, Starbucks Soars on New CEO

Positive inflation news indicating a potential economic slowdown led to a surge in US stock markets. The S&P 500, Nasdaq, and Dow Jones all saw significant gains. This positive movement was fueled by the producer price index report, which showed lower-than-expected inflation. Investors are now anticipating similar results from the upcoming consumer price index report. Some analysts believe this could lead to the Federal Reserve cutting interest rates. Starbucks stock soared due to a new CEO announcement, while Chipotle`s stock dipped. Other market news included reports on rent prices, the impact of sanctions on Chinese banks, and a suggestion to reconsider stock investments. The article concluded with data on oil prices, gold prices, treasury yields, and Bitcoin.