US STOCKS-S P Nasdaq Jump 2 As Cooling Inflation Eases Rate Hike...

To help conserve cash as it attempts to ramp up production, Rivian said it has delayed some programs to 2023. (Reporting by Akash Sriram in Bengaluru and Paul Lienert in Detroit Additional reporting by Joe White in Detroit Editing by Aditya Soni and Matthew Lewis) Capital expenses in the quarter fell to $359 million, from $431 million a year earlier when the company was readying the Illinois plant for the start of production. Aug 10 (Reuters) - Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on another super-sized rate hike by the U.S. Federal Reserve. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners. The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. Spot gold traded flat, holding around $1,753 an ounce, after hitting a more than three-week high, supported by a softer dollar and bets that the Federal Reserve may cool the pace of rate hikes as economic risks deepen. consumer prices were unchanged in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for weary Americans who have watched prices climb over the past two years. Aug 10 (Reuters) - Wall Street's main indexes rose more than 1% on Wednesday after data showing a slower-than-expected rise in inflation in July prompted traders to cut their bets on a third straight 75-basis-point interest rate hike in September. July 29 (Reuters) - U.S. stocks extended their July rebound on Friday morning, with the dollar and Treasury yields also advancing, as traders acted on positive corporate news despite increased labor costs and other inflation indicators. Our methodology  by exhaustively comparing them across set criteria developed for each major category, including cash-back, welcome bonus, travel rewards and balance transfer. We take into consideration the typical spending behavior of a range of consumer profiles -- with the understanding that everyone's financial situation is different -- and the designated function of a card. You'll also earn 2% cash back at restaurants, gas stations and drug stores, and 1% on all other purchases. Rewards The main draw of this card is that you'll earn 3% cash back on Whole Foods and Amazon.com purchases. As inflation surges across major markets and central bankers scramble to raise rates without killing off growth, riskier markets like stocks have tended to react positively to any perceived softening in sentiment on the part of policymakers. ET, the Dow Jones Industrial Average was up 524.50 points, or 1.60%, at 33,298.91, the S&P 500 was up 83.13 points, or 2.02%, at 4,205.60, and the Nasdaq Composite was up 332. If you liked this article and you would like to obtain more info relating to Etsy kindly visit our web-site. 30 points, or 2.66%, at 12,826.23. However, Frederick warned that producer prices data for July on Thursday, and August's inflation and employment data next month are still pending before the central bank meeting that could alter the course of the Fed again. After a rough start to the year, the benchmark S&P 500 is up nearly 15% from its mid-June low, largely on expectations the Fed will be less hawkish than anticipated in its efforts to provide a soft landing for the economy. "In today's market, the Amazon and Apple numbers are giving the market support (on) the idea that two large companies that are a large part of the S&P seem so far to be able to navigate through these tougher times," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. Card Highlights Intro OfferN/A APR14.99% - 22.99% (Variable) Intro Purchase APRN/A Recommended Credit Excellent/Good Reward Rates 3% Back at Amazon.com and Whole Foods Market* 2% Back at restaurants, gas stations and drugstores* 1% Back on all other purchases   Annual FeeN/A    Additional Details  Balance Transfer APR14.99% - 22.99% (Variable) Balance Transfer Fee Either $5 or 5% of the amount of each transfer, whichever is greater. Late Payment Fee Up to $39 Foreign Transaction Fees None   Rewards & Redemption Details    3% Back at Amazon.com and Whole Foods Market* 2% Back at restaurants, gas stations and drugstores* 1% Back on all other purchases  ET, the Dow Jones Industrial Average was up 513.98 points, or 1.57%, at 33,288.39, the S&P 500 was up 73.23 points, or 1.78%, at 4,195.70, and the Nasdaq Composite was up 282.51 points, or 2.26%, at 12,776.44. Many retailer co-branded credit cards limit earning and redeeming to its retail stores or brands, but Amazon offers decent reward rates outside of its e-commerce site, making this a far more accessible and applicable card.