Dow Jumps Over 250 Points; Fed's Key Inflation Gauge Remains Hot
1. U.S. stocks traded higher, S&P 500 rose 0.47% to 6,636.07. 2. PCE price index rose to 2.7%, above July's 2.6% and highest since February 2025. 3. Personal spending increased 0.6% month-over-month, beating market expectations. 4. Energy shares rose by 1%, while consumer staples fell by 0.3%. 5. Global markets showed mixed performance, with European stocks rising.