Dow Rises as Soft Inflation Data Boosts Semiconductor Shares

The US stock market experienced a modestly positive tone on Wednesday, August 12, with softer inflation data reducing expectations of another Federal Reserve rate increase.

The Dow Jones Industrial Average closed at 53,836.82, up 44.97 points or 0.08%, while the S&P 500 rose 19.51 points or 0.25% to 7,747.46.

Semiconductor shares provided significant support, with Intel leading gains among Dow components, rising 3.72%. Nvidia also advanced 2.94%, and Cisco Systems climbed 2.36%.