Wall Street opened higher on July 28, driven by solid Big Tech earnings and cooling inflation. The Consumer Price Index fell to 3.5% in June from 4.2% in May, while core inflation stood at 2.6%, getting closer to the Federal Reserve’s 2% target. Bitcoin jumped 4.4% on July 15 to approximately $64,975, with Ethereum posting similar gains. The Magnificent 7 earnings week saw strong results, with Apple briefly reaching a $5 trillion market cap, while Boeing and Coca-Cola also contributed to the S&P 500’s advance.
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