Stock Market Today: Stocks jump after PCE inflation, Consumer Sentiment reports within expectationss

Core Insights - The U.S. stock market showed positive movement with major indexes rising, particularly the Dow, S&P 500, and Russell 2000, following favorable economic reports [2][3][4] Economic Data - The UM Consumer Sentiment survey for August reported a score of 55.1, slightly below the expected 55.4 [1] - Expectations for future inflation decreased, with 1-year expectations at 4.7% (down from 4.8% expected) and 5-10 year expectations at 3.7% (down from 3.9% expected) [2] - Personal Consumption Expenditures (PCE) rose by 0.2%, aligning with expectations, while Personal Income increased by 0.4%, also as anticipated [3][4] Market Performance - As of the market opening, the Dow led with a gain of 0.69%, followed by the S&P 500 (+0.46%), Russell 2000 (+0.21%), and Nasdaq (+0.17%) [3] - A significant portion of equities, 55.1% (3,054), were trading in the green, while 37.2% (2,062) were declining [3]