Power Breakfast: Wall Street Soars To 3-Month High As Inflation Falls More Than Expected In July

US stocks rallied 3-month highs as investors cheered a report showing inflation cooled more than expected in July. The Dow Jones rose 535 points while the Nasdaq rose 325 points to close at the day's high. SGX Nifty jumped 200 points and is near 17750. Dow futures is up 100 points. Crude oil rose to $ 97 per barrel.