Stock market news today: Tech stocks rise as inflation cools

US stocks ended Wednesday's session mixed, with tech stocks fired up by cooling in inflation in April while the Dow Jones Industrial Average displayed concerned about recession risks for the world's largest economy. spurred stronger expectations the Federal Reserve will pause or end its rate-hike campaign with consumer price pressures easing. Higher interest rates eat into future profit made by growth companies.

CPI increased to 4.9% annually, the lowest reading since May 2021. The result was below expectations of 5%. Core CPI rose to 5.5%, meeting expectations. But the Dow, which carries many bank and consumer-oriented stocks, felt the weight of investors' concerns about the economy moving into a recession.

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