Tech Stocks Propel Nasdaq and S&P 500 Higher After Positive CPI Data

Reported 1 day ago

On March 12, 2025, the stock market experienced a rebound driven by major technology companies like Nvidia and Tesla, which saw significant gains following a cooler-than-expected Consumer Price Index report. The Nasdaq Composite led the upswing with a 1.2% increase, while the S&P 500 rose by about 0.5%. Investors remained cautious amid ongoing tariff discussions, particularly with Canada's retaliatory tariffs on U.S. goods. The latest inflation data indicated the lowest annual increase in core CPI since April 2021.

Source: YAHOO

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