REUTERS: The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer prices data for February calmed inflation worries and legislators gave final approval to one of the largest economic stimulus measures in U.S. history.
The"market seemed nonplussed and Treasuries rallied but that didn’t seem to give a boost to tech ," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.Advertisement “It is occurring in fits and starts,” Tuz said. “That is essentially the overwhelming theme in the market right now and it probably will continue until these things run their course.”
The Nasdaq extended gains in choppy trade after logging its best one-day percentage jump in four months on Tuesday.
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