S&P 500 closes higher on soft inflation report; Nasdaq jumps 1% as traders snap up tech shares

The Nasdaq Composite rose on Wednesday after a soft inflation report eased concerns about the economy and as investors snapped up beaten-up technology shares.

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Asia-Pacific stocks rise after soft U.S. inflation report pushes two Wall Street benchmarks up

The Nasdaq Composite picked up after the soft inflation report eased concerns about a looming recession and as investors snapped up technology shares.
CNBC - 28m
Treasury yields end higher for second day after CPI inflation data comes in cooler than expected

Bond yields closed with back-to-back gains Wednesday after the consumer-price index report for February came in cooler than Wall Street expected.
MarketWatch - 4h
S&P and Nasdaq close up, Dow closes down after turbulent day amid trade war

An escalating global trade war hammered markets in recent days.
ABC News - 4h
AppLovin short-seller urges exclusion of the stock from S&P 500 index

Short-seller firm Fuzzy Panda Research is trying to keep shares of AppLovin out of the S&P 500, accusing the company of fraudulent ad-tech practices.
CNBC - 5d
Global stock markets register heavy falls as White House tries to talk up Trump tariffs

Dow, S&P 500, Nasdaq and Nikkei all down by at least 2% and Tesla shares fall 15% for worst day since September 2020. Global stock markets have continued to fall amid fears that a wide-ranging ...
The Guardian - 2d
Here's what today's CPI report says about inflation

The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
CBS News - 11h
Dow drops 600 points as Trump escalates trade war with Canada

S&P 500 dips tentative toe into correction mode, following in the footsteps of the tech-heavy Nasdaq Composite.
CBS News - 1d
Mainland Chinese investors snap up a record amount of Hong Kong stocks to play AI

Mainland Chinese investors are piling into the Hong Kong stock market at record volumes as its tech-heavy Hang Seng Index trades around three-year highs.
CNBC - 1d
College basketball rankings: Duke jumps to No. 1 for first time since 2021, Houston No. 2 in AP Top 25

The Blue Devils moved up after Auburn lost twice last week and lost its eight-week grip on the No. 1 slot
CBS Sports - 2d
EU braces for higher prices as US trade war ramps up

For consumers, higher prices loom on supermarket shelves, but for businesses and industry the risks are higher.
BBC News - 5h
Tech megacaps lose over $750 billion in market cap in worst day for Nasdaq since 2022

The seven most valuable tech companies lost more than $750 billion in market value on Monday
CNBC - 2d
Weekly mortgage demand surges 11% higher, as interest rates dropped for the sixth straight week

Mortgage rates dropped to the lowest rate since October of last year, and that pushed demand even higher last week, after a substantial jump the previous week.
NBC News - 7h
Short-term Treasury yields remain near mid-October lows as investors await CPI report and more tariff talks

Bond yields ended higher Tuesday as investors monitored the tariff front, awaited a key inflation report out Wednesday and stayed on guard about a slowing U.S. economy.
MarketWatch - 1d
Szczesny’s human touch lends higher meaning to Barcelona’s title charge | Jonathan Liew

The anarchic Barça goalkeeper may not be an idealised athlete but he is writing an extraordinary closing chapter to his career. Accounts differ on just how late Iñaki Peña was to that team meeting ...
The Guardian - 1d
What's next for federal education funding after Trump cuts

President Trump is starting to enact his pledge to close the Department of Education. Liam Knox, a reporter for Insider Higher Ed, joins to discuss.
CBS News - 35m
Most of the S&P 500 is already in correction territory as benchmark teeters near milestone

As of Monday's close, 366 S&P 500 components, or 73%, were trading 10% or more below their respective 52-week highs.
CNBC - 1d
Wall Street stocks drop as investors fret over US economic slowdown

Tech shares hit as Tesla gives up all its post-election gains
Financial Times - 2d
Inflation takes it easy

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Inflation cools in Trump’s first month After a week of rising economic fears, the ...
The Hill - 3h
Unpacking February's slight inflation cooldown

Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent ...
CBS News - 2h
Egg prices soar as inflation cools in first full month of Trump term

Inflation report arrives as markets slide and recession fears grow.
ABC News - 9h
February consumer price index report shows slight inflation improvement

New numbers released today say that inflation has improved slightly, with the February consumer price index report showing a 2.8% rise from year before and price growth climbing 0.2% from January ...
NBC News - 11h
Retail traders are getting spooked by a market downturn. That’s bad news for brokerage stocks.

While stocks across the board tumbled on Monday, the pain was acutely felt by shares of brokerages like Robinhood, Charles Schwab and Interactive Brokers.
MarketWatch - 2d
Investors buoyed by signs of cooling U.S. inflation

Wall Street breathes a sigh of relief after a new report showed inflation slowed last month by more than expected.
CBS News - 10h
What contributed to February's cooling inflation

A better-than-expected inflation report may have contributed to a better stock market performance. Still the trade war is still on, and the European Union announced retaliatory tariffs. Kelly ...
CBS News - 38m
The Stock Market Is Waking Up to Its Overconfidence in AI and Trump

The Nasdaq just suffered its worst day since 2022.
Inc. - 1d
European tech founders join forces to invest in young entrepreneurs

Podcaster Harry Stebbings is spearheading a €10mn fund to build tech start-ups to combat a ‘doom loop’ in Europe
Financial Times - 20h
While stockholders lose money, volatility traders are making it hand over fist

Big drops in the stock market have led to major gains for the Cboe Volatility Index, which is now up 52% over the past month.
CNBC - 4h
2025 Shriners Children's 500 odds, Phoenix NASCAR picks: Expert who hit 17 winners picking 100-1 longshot

SportsLine's Steven Taranto reveals his picks for NASCAR Shriners Children's 500 at Phoenix Raceway, where Christopher Bell, Ryan Blaney, Kyle Larson and William Byron are favorites
CBS Sports - 3d
"The Dish: Recipe": Priya Krishna shares a kid-friendly meal in minutes

New York Times food reporter Priya Krishna teams up with a 12-year-old sous-chef to showcase a simple, kid-friendly dish — pork and chive dumplings — from her illustrated cookbook, "Priya's Kitchen ...
CBS News - 2d
Inflation Data Test May Rock Unsteady Stock Market

The U.S. consumer price index report could generate concerns if inflation is still simmering.
Inc. - 3d
Why a gold investment makes sense (even with inflation dropping)

Inflation dropped in February, according to a new report. Here's why a gold investment could be worth it anyway.
CBS News - 9h
Duke to No. 1 in men's poll for first time since '21

Duke has moved into the No. 1 spot in the AP Top 25 men's basketball poll, with Houston jumping to No. 2 ahead of three SEC teams as championship week arrives.
ESPN - 2d
Is the new inflation data a good sign for the U.S. economy?

New Consumer Price Index data showed inflation slowed in February, which may be a good sign for the U.S. economy for now. CBS MoneyWatch correspondent Kelly O'Grady reports.
CBS News - 4h
Dow falls 1,000 points, Nasdaq dives more than 4% as stock selloff gathers steam

Major stock indexes tanked Monday, continuing a sell-off that gathered steam last week as rattled investors began zeroing in on the prospect of a significant falloff in U.S. growth amid persistent ...
NBC News - 2d
Rising mental ill health behind higher welfare bill, report says

The government is identifying cuts to the welfare budget ahead of the Spring Statement, with the PM working to rally MPs to support the move.
BBC News - 11h
Inflation worries resurfaced even before Trump ramped up tariffs. Don’t expect angst to go away.

Wall Street was already nervous about a potential rise in inflation because of President Trump’s tariffs — and the last thing investors want to see is another disappointing reading on prices even ...
MarketWatch - 1d
US stock futures inch higher after selloff amid recession concerns

Dow futures traded up 156 points, or about 0.36%.
ABC News - 1d
PwC cuts record number of UK partners and halts tech apprenticeship scheme

Moves come as consultants strain to protect annual profit pool of close to £1mn per partner
Financial Times - 20h
Stocks take another tumble after Trump's weekend comments on inflation

The stock market nosedived after the opening bell on Monday amid President Trump's remarks over the weekend that inflation could continue to rise. CBS News chief White House correspondent Nancy ...
CBS News - 2d