🟢 Block is trading 4.02% up today after cooler inflation data

Block is trading 4.02% up at $81.43, as growth-stock sentiment follows cooler inflation data.

• S&P 500 gains 0.54%, Nasdaq Composite rises 0.77%; cooler July PPI/CPI and slightly higher jobless claims reinforced expectations for a September Federal Reserve rate hold.
• Bitcoin is down 0.34% and Ethereum is down 0.10% since previous close; cryptocurrency performance is not supporting the rally.
• Q2 beat and raised guidance remain constructive; no new company-specific catalyst was found for August 13.