Nasdaq rebounds as cooling US inflation weighs on dollar

Nasdaq experienced a rebound as investors reacted positively to strong earnings reports from major US banks and a surprising drop in inflation rates, which put downward pressure on the dollar. The strong performances from Citigroup, Bank of America, Goldman Sachs, and Wells Fargo set the tone for the second-quarter earnings season. This inflation news is crucial as it suggests the Federal Reserve might ease its aggressive rate hike cycle, benefiting markets. The dollar's weakening could also boost US exports, hinting at a potential stabilization in the economy.