LYTE is trading at $25.55, up +4.05%, after August CPI rose 3.4% year over year in line with expectations, easing fears of an upside inflation surprise and supporting technology stocks.
- Treasury yields pulled back from recent highs, improving conditions for rate-sensitive growth equities.
- The S&P 500, Nasdaq Composite, and Dow Jones are all higher, though elevated oil prices and yields remain risks.
- CPI was scheduled ahead of the Federal Reserve’s September 16 policy decision.