S&P 500 closes higher on soft inflation report, Nasdaq jumps 1% as traders snap up tech shares

The Nasdaq Composite rose 1.22% on Wednesday following a soft inflation report, with tech shares leading the gains; the S&P 500 increased by 0.49% and the Dow Jones slipped 0.2%. The tech sector bounced back, with Nvidia and AMD posting gains, as the consumer price index rose by 0.2%, easing concerns about stagflation and potential Fed responses to economic weakness amidst escalating trade tensions.

Full Article