Stock Market Indexes Rally on Inflation Data, Though the Dow Sat It Out
The Nasdaq gained 1.1% by mid-day today. The Dow went exactly nowhere.
Overview
Inflation came in cooler than expected on Wednesday morning, which is exactly the news this market has been awaiting for weeks. Then six stocks drove the entire rally, leaving the rest of the market standing still.
The Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.1% as of 12:05 p.m. ET and the S&P 500 (SNPINDEX:^GSPC) added 0.6%. The Dow Jones Industrial Average (DJINDICES:^DJI) sat exactly flat. The Dow's 30 components split 15 up and 15 down, continuing the balanced-flatness theme.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.