US Markets Rally on Inflation News

Stock indexes in the United States experienced significant gains at the opening bell on Wednesday, buoyed by a better-than-expected Consumer Price Index (CPI) report. The annual inflation rate for February was recorded at 2.8%, alleviating some of the concerns surrounding the Trump administration's 25% tariff on steel and aluminum imports and the European Union's countermeasures.

The Dow Jones Industrial Average saw an increase of 0.49%, or 200 points, by 9:30 am ET, with The Boeing Co. leading the charge with a 2.56% rise. The Nasdaq 100 wasn't far behind, jumping 1.62%, largely thanks to Applovin Corp.'s impressive 11.42% surge. Meanwhile, the S&P 500 added 1.03% to its value, with Super Micro Computer Inc. experiencing an 8.77% leap.

In currency markets, the euro experienced a slight decline against the dollar, trading 0.27% lower and selling for 1.08908 at 9:31 am ET.