Stocks opened higher Wednesday and kept climbing into the close as market participants cheered encouraging inflation news. A strong rally in several large- and mega-cap tech stocks created tailwinds, too, with the three main indexes notching record highs.
Wall Street was anxiously awaiting this morning's release of the April Consumer Price Index (CPI) and the data did not disappoint. The Bureau of Labor Statistics said headline CPI was up 0.4% month-to-month and 3.4% year-over-year in April, lower than what was seen in March.
