Nasdaq leads Wall St higher as rate-sensitive growth stocks rally post US CPI data

Traders held on to bets that the Federal Reserve will cut rates in the coming months following inflation data

Reuters

March 12, 2024 / 19:08 IST

Nasdaq leads Wall St higher as rate-sensitive growth stocks rally post US CPI data

The tech-heavy Nasdaq climbed on Tuesday, led by gains in rate-sensitive growth and chip stocks, as traders held on to bets that the Federal

Reserve will cut rates in the coming months following inflation data.

The Dow Jones Industrial Average rose 113.66 points, or 0.29%, at the open to 38,883.32.

The S&P 500 opened higher by 16.36 points, or 0.32%, at 5,134.30, while the Nasdaq Composite gained 97.71 points, or 0.61%, to 16,116.98 at the opening bell.

Reuters

first published: Mar 12, 2024 07:08 pm

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