• Stocks increased on Thursday after a crucial inflation measure revealed slower annual inflation increases than anticipated.
• Capri Holdings Ltd. (NYSE: CPRI) has been acquired by Tapestry, the renowned parent company of luxury retailer Coach, for approximately $8.5 billion
• Holley Inc. (NYSE: HLLY) and Applovin Corp. (NASDAQ: APP) both experienced significant gains due to their respective financial results.

U.S Stocks Price Increase After Inflation Report

WISCONSIN (CoinChapter.com) — Stocks increased on Thursday after a crucial inflation measure revealed slower annual inflation increases than anticipated. The Dow Jones Industrial Average increased by 0.7%. The Nasdaq Composite increased by 0.8%, while the S&P 500 increased by 0.8%.

Capri Holdings Ltd.

Tapestry, the renowned parent company of luxury retailer Coach, has decided to acquire Capri Holdings Ltd. (NYSE: CPRI), which owns illustrious fashion brands such as Michael Kors, Versace, and Jimmy Choo. The acquisition, valued at approximately $8.5 billion, is touted as a strategic move for Tapestry to gain more influence in the European market. As a result of this deal, Tapestry can more effectively compete with industry heavyweights like LVMH and Kering. The combined entity, including brands Kate Spade and Stuart Weitzman under Tapestry’s umbrella, is expected to generate robust global annual sales.

Holley Inc.

Holley Inc.(NYSE: HLLY), a prominent player in the performance automotive industry , has unveiled its financial results for the second quarter ending July 2, 2023 . Net sales saw a minor decrease of 2