Tag: CPIfueled

‘Magnificent 7’ power stock surge after CPI-fueled sell-off

US stocks rose on Thursday as Big Tech stocks led a rebound from a sell-off fueled by Wednesday’s surprise uptick in consumer prices. The S&P 500 (^GSPC) rose almost 1%, coming off a rout that saw the major gauges drop about 1%. The tech-heavy Nasdaq Composite (^IXIC) led the way, gaining roughly 1.7%. The Dow […]