The U.S. stock market rallied to records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 1.1% Tuesday and topped its all-time high set two weeks ago. The Dow Jones Industrial Average climbed 483 points, and the Nasdaq composite jumped 1.4% to set its own record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates can give the economy and investment prices a boost.
The Georgia Bureau of Investigation says the man who fired more than 180 shots with a long gun at the headquarters of the U.S. Centers for Disease Control and Prevention wanted to send a message against COVID-19 vaccines. GBI Director Chris Hosey said 30-year-old Patrick Joseph White also recently verbalized thoughts of suicide, before he broke into his father's gun safe. White fatally shot DeKalb County Police Officer David Rose during the attack. CDC Director Susan Monarez told staff at the agency's headquarters on Tuesday that “misinformation can be dangerous” and called for “rational, evidence-based discourse spoken with compassion and understanding.”
Some of the 800 National Guard members deployed by the Trump administration to assist with law enforcement have begun arriving in Washington, D.C. The city’s police and federal officials took the first steps Tuesday in an uneasy partnership to reduce crime in what President Donald Trump called — without substantiation — a lawless city. Mayor Muriel Bowser pledged to work alongside the federal officials Trump has tasked with overseeing the capital city’s law enforcement. Bowser insists the police chief remains in charge of the department and its officers. White House press secretary Karoline Leavitt said about 850 officers and agents fanned out across Washington on Monday and arrested 23 people overnight.
The U.S. stock market is rallying toward records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.8% Tuesday and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average added 466 points, while the Nasdaq composite climbed 0.9% and was also heading toward a record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates can give the economy and investment prices a boost.
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