*WHAT HAPPENED OVERNIGHT*
-> SPX +1.68%, Nasdaq +2.4%, Russell 2000 +1.55%
-> US PPI confirmed inflation pressures eased in July, US core CPI tonight
-> UST 10y yield lost 5 bps to 3.85%
-> Tech/growth stocks supported by lower yields
-> Dollar Index sank nearly 0.5% to 102.60
-> Fed’s Bostic noted that he thinks a “rate cut is coming, but wants to see a little more data”
-> A recession is not in Bostic's outlook, as he’s “hopeful in the next several months of a normalized economy”
-> Oil -1.8% to $80.81/bbl
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