The overwhelming majority of US equity indexes closed in the green on Wednesday, fueled in large part by record-setting highs in chipmaker Nvidia, while Facebook owner Meta and Google operator Alphabet both posted 12-month highs through the day.
US inflation was largely in line with estimates but the increase in the MoM CPI and Core MoM prints mean the Fed are likely to push back on growing rate cut expectations.
Tom Lee: Why a Hot CPI Does Not Necessarily Hurt Stocks thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.