Stock Market Today: US Stocks Rise as Inflation Data Comes in Cool

US stocks opened higher as investors digested cooler-than-expected inflation data and awaited an update on consumer prices. Chipotle's CEO is departing to take the same role at Starbucks.

Home Depot reported disappointing earnings. The Bank of America fund manager survey showed a plunge in global growth expectations.

US producer prices rose nearly in line with the Federal Reserve's inflation target. Nike stock rose on falling inflation and a change in Starbucks CEO.

Goldman Sachs is concerned about recession risk. Stifel's strategist warns against rushing back into the stock market amid a potential recession.

Asian markets rise on lower-than-expected US producer prices. Japanese stocks extend recovery on US inflation and Fed rate cut hopes.

Deutsche Pfandbriefbank's profit drops due to increased risk provision. UBS exceeds expectations with Q2 net profit.

Rheinmetall acquires US vehicle specialist Loc Performance. Intel sells its stake in Arm.

Google introduces new smartphones with AI features. Patrizia's earnings decline amid market weakness.

Americans are cutting back on big-ticket items as inflation bites.