The market rally stalled a bit off the back of hotter-than-expected inflation data. But investors aren't panicking. Why it matters: Investors see the price pressures as proof that consumers can handle more — and that companies can cash in.

August is typically a quiet month for IPOs, but this year, Bullish, Figma and Firefly Aerospace have ignited the new-issues market.

Bullish stock surged by over 80% following its IPO listing on Wednesday. While the listing was priced at $37 per share, the stock closed at about $68 per share.