The S&P 500 reached a new high on Thursday. This milestone was driven by gains in major technology companies. A key factor was the release of producer price inflation data, which was relatively stable.

This stable inflation data has implications for interest rates. It suggests that the Federal Reserve may not increase rates at its upcoming meeting in September. The performance of technology stocks, including Sandisk, also contributed to the S&P 500's record close.

Further details on this development are available from the Waco Tribune-Herald. The record-high close of the S&P 500 is a significant event, and readers can find more information on the factors that led to this outcome by consulting the original source.