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Barchart
Barchart
Rich Asplund

Stocks Trading Higher on Favorable CPI Report and Positive AI News

Nasdaq United States CoreWeave Dow Jones Industrial Average Super Micro Computer US Federal Reserve

The S&P 500 Index ($SPX) (SPY) is up +0.45%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.00%. September E-mini S&P futures (ESU26) are up +0.99%, and September E-mini Nasdaq futures (NQU26) are up +0.37%.

Stocks are trading higher today on strength in AI and chip stocks after CoreWeave and Super Micro reported better-than-expected earnings. Stocks also received a lift from today’s favorable CPI report, which supported T-note prices and reduced the odds of a rate hike at the next FOMC meeting to 39% from 51% on Tuesday.

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