Wall Street rises as August inflation cools

Wall Street stock markets rose more than 90 minutes after opening, driven by reassuring August inflation data that came in below market forecasts. Investors responded positively to the figures. The PCE price index rose 3.4% annually in August, below the 3.7% expected, while the core index increased 3%, also under the 3.3% consensus. GDP grew 2.2% in Q2, and ADP reported 90,000 jobs created in September, exceeding expectations. Oil prices rebounded amid Middle East tensions, with Brent up 0.74% and WTI up 3.01%. Corporate news included UPS launching Secure Commerce, Synopsys signing a $1 billion AWS deal, and Moderna falling 7.7% after analyst downgrades.