During the day, the news came that the underlying inflation in the USA last month was the lowest in several years. Despite this, market movements were relatively timid during the trading day.
The S&P 500 increased by 0.4 percent, while the industrial-heavy Dow Jones went up 0.6 percent. Nasdaq's composite index fluctuated between plus and minus for a long time – but ultimately closed unchanged.
Among today's winners was snack giant Kellanova, which rose by 7.8 percent after news that food conglomerate Mars has chosen to buy the company. Kellanova owns, for example, the Pringles chip brand.
It went worse for Alphabet, which owns Google, among other things. The company's shares fell by more than 3 percent after media reports that American authorities are considering an attempt to split the business, according to Bloomberg.
Electric car manufacturer Tesla also fell, and had lost 3.10 percent by the close.
According to the KPI measure, inflation for July fell to 2.9 percent in the USA, which can be compared to 3.0 for June. That figure was also the average forecast for July among analysts, according to a compilation made by Bloomberg.
The underlying inflation, which is the measure that the central bank Federal Reserve primarily looks at, landed at 3.2 percent, the lowest level since 2021.
