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Barchart
Barchart
Rich Asplund

Stocks Finish Higher on Benign CPI and Strength in Tech

Nasdaq SP United States Donald Trump Advanced Micro Devices Broadcom ECB Nvidia

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.49%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.13%.  March E-mini S&P futures (ESH25) are up +0.39%, and March E-mini Nasdaq futures (NQH25) are up +0.96%. 

Stock indexes on Wednesday mainly settled higher, although the Dow Jones Industrials fell to a 6-month low.  Stocks found support Wednesday on easing price pressures after the US Feb CPI rose less than expected.  Also, strength in the Magnificent Seven stocks and a rally in chip makers Wednesday supported gains in the broader market.  Weakness in consumer staple stocks Wednesday weighed on the Dow Jones Industrials. 

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