Both the S&P 500 and the Dow Jones Industrial Average hit new records at the close of trading on Wednesday, August 11th, while the Nasdaq recorded declines at the close as the US Senate’s approval of the $1 trillion infrastructure law supported stock gains. In addition to the slowdown in monthly inflation growth in the United States of America.

Data issued by the Bureau of Labor Statistics in the United States of America yesterday evening, Wednesday, showed an increase in the CPI, which measures inflation, by 0.5% in July, after rising by about 0.9% in June, to come in line with expectations, in contrast, the annual index rose over the past 12 months to 5.4% better than expectations that indicated a decline to 5.3%.

On the other hand, the US Senate approved late in Tuesday’s session its plan for infrastructure, which is estimated at a trillion dollars, after obtaining 69 votes to 30, which supported the cyclical rises of stocks such as industries and materials.

In terms of stock movement, companies and financial institutions continue to announce quarterly results for the second quarter of this year, as the largest cryptocurrency platform (Coinbase) announced revenues of $2.23 billion in the second quarter of this year, compared to 1.78 in analyst estimates to record The company’s net profit amounted to 1.6 billion dollars, compared to 32 million dollars compared to the same period last year. The company’s share rose by about 3.22% at closing at levels of 278.36 dollars.

The Dow Jones Industrial Average closed up by about 220 points at the close at 35.484 levels, with gains of about 0.62%, and it is now trading in the futures for today’s session, Thursday, at 35.373 levels, down by about 12 points.

On the other hand, the S&P 500 index recorded highs at closing at 4.447 levels, an increase of about (10 points) or 0.25%, and it is now trading in futures at 4.437 levels, down by about 3 points.

While the Nasdaq index recorded losses by (22 points) to close the session at 14,765 points, recording declines of about 0.16%, and it is now trading at 14.988 levels, down by about 30 points.