How major US stock indexes fared Wednesday
The Associated Press
FacebookTwitterEmail
Stocks closed mostly higher on Wall Street Wednesday as a benign reading on inflation led to long-term interest rates easing lower in the bond market.
The S&P 500 added 0.6%, but a pullback in Big Tech stocks pulled the Nadsaq down slightly. The Dow Jones Industrial Average closed at a record high. A key measure of inflation came in lower than expected for February, helping to allay concerns that prices could rise too quickly as the economy recovers. The yield on the 10-year Treasury note fell.
On Wednesday:
The Dow Jones Industrial Average rose 464.28 points, or 1.5%, to 32,297.02.