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S&P 500 fundamentals point to continuing gains.

A few weeks ago, the CPI report would have been a major plus for President Joe Biden’s re-election campaign, but right now inflation isn’t the Democratic incumbent’s biggest problem.

Declines in Tesla, Nvidia and other large tech stocks could mean a $535 billion market-cap wipeout for the grouping.

Gold futures climbed sharply on Thursday, with prices trading close to fresh record highs, as traders viewed a report that showed cooling inflation as “ammo” for the Federal Reserve to use if it cuts interest rates this year.

The stocks of home builders were rallying across the board on Thursday, after government data showed consumer prices falling for the first time in more than four years, boosting hopes the Federal Reserve may soon start to lower interest rates.

“With the information we have received today, which includes data on employment, inflation, GDP growth and the outlook for the economy, I see it as likely that some policy adjustments will be warranted,” Daly said Thursday.

The stock market has been in a slow-motion meltup.

Shares of Intuitive Machines, which is currently up seven of the last 10 days, rose on no apparent news Thursday.

The 30-year mortgage rate is averaging at 6.86% Freddie Mac said in its latest weekly survey on Thursday.

The Social Security cost-of-living adjustment for 2025 might be lower than this year’s 3.2% increase as inflation moderates.

The company recently announced live voice-assistant integrations with carmakers in Europe.

Warnings about a high valuation for the S&P 500 are justified, but one sector has bucked the trend with a significant decline to its forward price-to-earnings ratio.