Reported 28 days ago
U.S. stock markets surged on Wednesday, with the Nasdaq and S&P 500 showing significant gains, as investors reacted to new inflation data indicating a decrease in consumer price increases. Nvidia led the technology sector's rally, jumping over 8% following remarks from CEO Jensen Huang at a conference. The Consumer Price Index report revealed a drop in headline inflation, but an unexpected rise in core prices has influenced expectations of a smaller interest rate cut by the Federal Reserve next week.
Source: YAHOO