On Wednesday, the Dow Jones Industrial Average declined 84 points (0.2%) following a hotter-than-expected inflation report that pushed Treasury yields to a 10-month high.
The S&P 500 rose 0.1%, and the Nasdaq gained 0.3%, led by strong performance in technology stocks.
Inflation concerns, driven by rising energy prices due to the Iran war, negatively impacted sectors like retail and banking.
Nvidia shares increased over 1%, Micron Technology surged more than 5%, and the VanEck Semiconductor ETF (SMH) rose 1%.
These moves came after Nvidia CEO Jensen Huang joined President Donald Trump on his trip to China for a meeting with Chinese President Xi Jinping.
Source (CNBC)
