US Stock Market Opens Higher Amid Positive Inflation Data

On Wednesday, the US stock market saw a positive start as the Dow Jones, Nasdaq 100, and S&P 500 all recorded gains. This surge came after the release of a better-than-expected Consumer Price Index (CPI) report, indicating a drop in the annual inflation rate to 2.8% in February.

Trade War Concerns Overcome by Inflation Optimism

Despite ongoing concerns over trade wars, fueled by the Trump administration's 25% tariff on steel and aluminum imports and the European Union's countermeasures, the market's response to the inflation data was overwhelmingly positive.

Key Performers in the Market

Notable gains were seen across major indices, with the Dow Jones increasing by 0.49%, the Nasdaq 100 jumping by 1.62%, and the S&P 500 adding 1.03%. Companies like Boeing Co. and Applovin Corp. led the charge with significant stock price increases.

Currency Movements

In the currency market, the euro experienced a slight decline against the dollar, trading 0.27% lower at 9:31 am ET.