Stocks were lower in early trading Tuesday as investors mulled over the February Consumer Price Index (CPI) report. However, a big rally in several mega-cap tech names helped the main indexes find their footing.
Ahead of the open, the Bureau of Labor Statistics said headline CPI was up 0.4% from January to February and 3.2% higher year-over-year. Both figures were higher than the month prior and the annual increase was more than economists expected.
