US Stock Market Opens Higher Amid Inflation Optimism

Stock indexes in the United States recorded gains at the opening bell on Wednesday, buoyed by a better-than-expected CPI report. The annual inflation rate was reported at 2.8% in February, a figure that has helped to alleviate some of the trade war concerns that have been looming over the market.

Trade War Concerns Overcome by Inflation Data

Despite the Trump administration's 25% tariff on steel and aluminum and the European Union's countermeasures, the market's focus has shifted towards the positive inflation data. This optimism has played a key role in the market's upward trajectory at the start of the trading day.

Market Movements

The Dow Jones grew by 0.49% or 200 points at 9:30 am ET, with the Boeing Co. leading the charge with a 2.56% rise. The Nasdaq 100 jumped by 1.62%, significantly boosted by Applovin Corp.'s impressive 11.42% surge. Meanwhile, the S&P 500 added 1.03%, with Super Micro Computer Inc. soaring 8.77%.

In the currency market, the euro traded 0.27% lower against the dollar, selling for 1.08908 at 9:31 am ET.