Wall Street is hanging near its lowest level since June as stocks drift in midday trading.
Inflation in the U.S. edged up in July after 12 straight months of declines. But core inflation matched the smallest monthly rise in nearly two years.Many other challenges are also looming over the economy and Wall Street besides the threat of higher interest rates for longer.as soon as this weekend, though financial markets have held up rather well during past shutdowns.
On the winning side was Peloton, which climbed 2% after the online exercise bike and fitness company announced a five-year partnership with athletic wear maker Lululemon Athletica.
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