US stocks today: Wall Street nears record high after lower than expected inflation; Dow jumps 400 points, Nasdaq gains 0.99%

Wall Street surged towards record highs following cooler-than-expected US inflation data, fueling hopes for a potential Federal Reserve interest rate cut in September. The S&P 500, Dow Jones, and Nasdaq all experienced significant gains. While some companies like Intel and Circle Internet Group thrived, others such as Celanese and Cardinal Health faced setbacks despite positive earnings reports.