The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.

For investors, the July CPI print was just right, as it raised the odds of a rate cut at the next Fed meeting while showing that inflation isn't spiraling.

Intel shares rallied after President Trump said he had met with the embattled chip maker's chief executive. The president said Monday's meeting, also attended by Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent,

Tensions seem to be easing between Intel’s Lip-Bu Tan and Trump, who days ago called for the CEO’s firing but now praises for his “amazing” success story.