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Stocks Surge To Record Highs On Inflation Report

Inflation US Federal Reserve Stock Market the Federal Reserve
Toronto Stock Exchange's S&P/TSX composite index rises to a record high

The stock market saw a surge on Wednesday morning as both the S&P 500 and Nasdaq Composite indexes reached record highs. However, they later retreated from those levels as investors analyzed the better-than-expected inflation report.

By midday Wednesday, the Dow had risen by 89 points, or 0.2%. The S&P 500 showed a gain of 1.1%, while the Nasdaq Composite rose by 1.7%.

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