Tech Stocks Help U.S. Stock Indexes Recover from Previous Slide

The Producer Price Index in March rose 0.2% from the previous month, a lower rate of growth than economists had forecastNEW YORK — The S&P 500 rose 0.7% Thursday. The Nasdaq composite jumped 1.7% to set a record. The Dow Jones Industrial Average edged down by less than 0.1%. Apple was the strongest single force pushing the market upward, and Amazon climbed to set a record, topping its prior high set in 2021.

The update doesn’t offset Wednesday’s disappointingly high report on inflation at the U.S. consumer level, “but it may ease investor nerves, at least in the short term,” said Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. All this is coming at a time when critics had already been calling the U.S. stock market too expensive following its leap of more than 20% since Halloween. For stock prices to look more reasonable, without requiring sharp drops, either interest rates would need to fall or corporate profits would need to strengthen.

Alpine Immune Sciences soared 36.9% after Vertex Pharmaceuticals agreed to buy the biotechnology company for $4.9 billion in cash. Vertex added 1%

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech and financial stocks help boost S&P/TSX composite, U.S. stock markets also riseTORONTO — Canada's main stock index was up 100 points in late-morning trading, helped by strength in technology and financial stocks, while U.S. stock...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Utility and tech stocks boost S&P/TSX composite, U.S. stock markets also riseTORONTO — Strength in utility and technology stocks helped Canada's main stock index move up in late-morning trading, while U.S. stock markets also climbed...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy stocks help lift S&P/TSX composite higher, U.S. stock markets downTORONTO — Strength in the energy stocks helped lift Canada's main stock index higher in late-morning trading, while U.S. stock markets moved lower. The S&P...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy stocks help S&P/TSX composite creep higher, U.S. stock markets mixedTORONTO — Strength in energy stocks helped Canada's main stock index creep higher in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Energy and Base Metal Stocks Lift Canada's Main Stock IndexStrength in energy and base metal stocks helped lift Canada's main stock index on Wednesday, while U.S. stock markets were mixed but held relatively steady.
Source: SooToday - 🏆 8. / 85 Read more »