Nasdaq rises, led by rate-sensitive growth and chip stocks, post CPI data; Dow and S&P also up.

Nasdaq leads Wall St higher; rate-sensitive growth stocks rally post CPI data. Tech-heavy Nasdaq climbed, with gains in rate-sensitive growth and chip stocks, as traders bet on Fed rate cuts in coming months following inflation data. Dow Jones Industrial Average rose 0.29%, S&P 500 0.32%, and Nasdaq Composite 0.61%.

March 12, 2024
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