- The S&P 500 rose 1.5% and the Nasdaq composite leaped 2.1%, while the Dow Jones Industrial Average climbed 693 points to hit an all-time high.
- Easing oil prices helped calm Wall Street's worries that inflation could get worse after a volatile July.
- India plans to sell up to a 6.5% stake in Life Insurance Corp. to raise up to $3.3 billion to shore up public finances amid high oil prices.
Quotes
“Oil prices are easing and helping to calm Wall Street’s worries that inflation could get even worse”