Nasdaq Hits 20,000 As US Inflation Aligns With Forecasts

US and European stocks mostly rose Wednesday as inflation data supported expectations of a Federal Reserve rate cut next week. Nasdaq surged 2% to close above 20,000 for the first time. European indices gained ahead of the ECB’s Thursday rate decision, while France braces for a new PM announcement. Zalando shares fell over 4% after acquiring rival About You in a €1.1 billion deal.