S&P 500 Gains on Core Wealth Results

The US financial markets indicators, including the S&P 500 and Nasdaq, recorded gains supported by positive earnings reports from companies like Coca-Cola and Wiffy, as well as expectations of increased capital spending. Additionally, moderate inflation data has reduced expectations of a rate hike by the Federal Reserve in September. The S&P 500 closed at 7,748.58 points, up 0.26%, and the Nasdaq increased by 0.55% to 26,588.49 points, while the Dow Jones remained steady at 53,761.57 points. Coca-Cola's strong results also led to an increase in AI-related stocks, with the company expecting capital expenditure to surpass previous estimates. There is a 62% probability that the Fed will keep interest rates unchanged in September.

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