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Barchart
Barchart
Rich Asplund

Stocks Rally as US Consumer Prices Cool

The S&P 500 Index ($SPX) (SPY) today is up +0.79%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.54%.  March E-mini S&P futures (ESH25) are up +0.82%, and March E-mini Nasdaq futures (NQH25) are up +1.46%. 

Stock indexes today are moderately higher, recovering some of the sharp losses seen over the past two sessions.  A slower-than-expected pace of inflation is boosting stocks today after the US Feb CPI rose less than expected.  Strength in the Magnificent Seven stocks and a rally in chip stocks today support gains in the broader market.  Verizon Communications is down more than -4% and is weighing on the Dow Jones Industrials. 

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