SPRX is trading at $50.58, up +1.63%, after July PPI was flat month over month, below the expected 0.2% increase, supporting rate-sensitive growth stocks.
- July CPI slowed to 3.4% annually, while slightly higher jobless claims reinforced expectations for steady Federal Reserve policy.
- Renewed AI-infrastructure enthusiasm, including NVIDIA’s planned $500 billion financing initiative, is adding sector-specific support.
- The broader rally confirmed a market-wide risk-on move, with the Nasdaq up 1.01%.