NEW YORK, New York - U.S. stocks rose modestly Thursday after the consumer prices reading for July came in a fraction less than expected. The CPI last month was 3.2 percent, against expectation so 3.3 percent.
"Overall, this builds on the market's expectations around a potential soft landing," Michelle Culver, portfolio strategist at Global X told CNBC Thursday. "This was an encouraging inflation print for market
