US Stock Indexes Edge Higher as AI Stocks Shine
US stock indexes showed modest gains on Wednesday as investors digested better-than-expected growth from AI stocks and slightly improved inflation data. The S&P 500 led the charge, rising 0.3% to a new high of 7,748.50.
The Dow Jones Industrial Average slipped less than 0.1%, while the Nasdaq composite climbed 0.5%. These gains were largely driven by stocks like Nvidia and Super Micro Computer, which saw their shares rise on news that businesses continue to invest heavily in AI infrastructure.
Meanwhile, Treasury yields eased following the latest inflation data, which showed a slight decrease in price pressures across the US. This development was seen as a positive sign for investors, who have been bracing for higher interest rates due to rising inflation concerns.