Stock market today: Tech rally leads Nasdaq, S&P 500 higher as Tesla, Nvidia surge after cool CPI print

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  The marketplace sell-off's biggest decliners spot a rebound

  Some of the names deed hardest implicit the past month's marketplace sell-off caught reprieve connected Wednesday.

  Headlined by much than 6% surges successful Nvidia and Tesla, tech led the rebound rally during the session. Meanwhile, the market's strongest sectors amid the drawdown, Consumer Staples (XLP) and Healthcare (XLV), were the worst-performing sectors of the day.

  "On a short-term basis, I deliberation what you'll apt spot is simply a rotation retired of immoderate of those antiaircraft areas [like healthcare and user staples] and astir apt into immoderate of the areas that person been deed the hardest," Truist co-chief concern serviceman Keith Lerner told Yahoo Finance.

  But Lerner added, "This reprieve apt has further to go. I conscionable deliberation successful the broader strategy that you're going to beryllium much successful a choppier market."

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  FTC to proceed antitrust probe into Microsoft: Bloomberg

  Microsoft (MSFT) banal took a little limb little precocious Wednesday day arsenic Bloomberg reported the Federal Trade Commission (FTC) would determination up with a wide antitrust probe into the tech giant.

  Bloomberg reported that FTC unit successful caller weeks "have continued to enactment connected the investigation, gathering with companies and different groups to stitchery information, according to radical acquainted with the matter, who asked not to beryllium named discussing a confidential investigation."

  The continuation of the probe could beryllium an aboriginal motion that caller FTC seat Andrew Ferguson volition proceed the agency's scrutiny of Big Tech, which archetypal began nether the Biden administration.

  Read much here.

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  Tesla banal is soaring but the bears are inactive calling

  Tesla banal is up astir 8% amid a broader tech rally connected Wednesday. But that hasn't stopped the bearish calls connected the electrical conveyance maker, which has seen its banal autumn astir 40% this year.

  JPMorgan's Ryan Brinkman has disliked Tesla's (TSLA) banal for a agelong clip (since February 2015, according to Bloomberg's tracker).

  He inactive doesn't similar it, and he's got a caller reason: "We conflict to deliberation of thing analogous successful the past of the automotive industry, successful which a marque has mislaid truthful overmuch worth truthful quickly," helium wrote successful a enactment to clients.

  Brinkman and squad are slashing their Tesla transportation estimates for the archetypal 4th to 355,000 vehicles, which implies an 8% year-over-year driblet and a 28% plunge from the 4th quarter.

  They present expect deliveries to autumn successful 2025 to 1.0775 million.

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  Apple banal falls astir 2% arsenic Morgan Stanley cuts terms target

  Apple banal extended losses from the time prior, falling astir 2% connected Wednesday. Morgan Stanley's squad of analysts slashed their terms people connected the banal arsenic the occurrence of Apple's artificial quality strategy comes into question.

  Yahoo Finance's Dan Howley reports:

  Read much here.

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  Intel banal climbs pursuing study that TSMC has pitched Nvidia, AMD connected task to tally Intel's foundry business

  Yahoo Finance's Dan Howley reports:

  Read much here.

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  Nvidia, Tesla rebound successful tech rally

  A monolithic drawdown successful immoderate of the market's largest tech names has headlined the caller banal sell-off.

  But connected Wednesday that enactment reversed. The Information Technology (XLK) assemblage was up astir 2%, starring the assemblage action. Inside the sector, shares of Nvidia (NVDA) were up up much than 6%.

  Meanwhile, an 8% rally successful Tesla helped nonstop the Consumer Discretionary (XLY) higher by astir 0.8%.

  Below is simply a look astatine the assemblage enactment astir midway done the trading session.

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  One crushed markets support moving connected each tariff headline

  News of retaliatory tariffs from Canada erased a much than 1% summation for the S&P 500 (^GSPC) connected Wednesday, continuing a caller inclination of stocks hinging connected immoderate incremental quality connected tariffs.

  JPMorgan Asset Management planetary marketplace strategist Jack Manley told Yahoo Finance the market's caller struggles halfway astir an inability to decently terms successful however tariffs volition interaction the outlook for some the US system and firm profits.

  "It's not casual to terms retired however tariffs whitethorn power the US economy, but it's possible," Manley said.

  "What becomes a batch much hard is pricing successful however Canada mightiness respond to tariffs from the US and however those could pb to further tariffs. It snowballs very, precise rapidly and makes pricing successful thing highly difficult."

  Piper Sandler main concern strategist Michael Kantrowitz wrote successful a enactment connected Tuesday, "[We’re] improbable to spot a worldly betterment successful equities until we spot the commencement of fiscal argumentation uncertainty abating," noting that a caller surge successful economical argumentation uncertainty measures has coincided with the market's caller slide.

  "Of course, that tin hap successful much than 1 way," Kantrowitz added.

  "We tin either beryllium much definite of tariff policies that volition beryllium implemented, oregon Trump tin dilatory the gait oregon rotation backmost immoderate of his actions."

  Read much here.

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  Stocks autumn from intraday highs arsenic Canada sets retaliatory tariffs for Thursday

  Stocks slipped from their intraday highs connected Wednesday greeting arsenic headlines flashed that Canada volition enforce retaliatory connected the US starting Thursday.

  Canada volition enforce 25% tariffs connected much than $20 cardinal worthy of US goods, per CNBC.

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  Housing ostentation hits lowest level since December 2021

  The latest Consumer Price Index (CPI) showed that lodging outgo pressures eased successful February to the slowest gait successful implicit 3 years.

  Shelter costs roseate 4.2% from a twelvemonth earlier successful February, slower than the 4.4% summation seen successful January, and the smallest 12-month summation since December 2021.

  On a monthly basis, lodging costs ticked up 0.3% successful Februarydown from January’s 0.4% monthly increase.

  "Shelter ostentation remains successful a disinflationary trajectory, which volition beryllium a invited improvement for those hoping for further advancement connected inflation," Jeff Schulze, caput of economical and marketplace strategy astatine ClearBridge Investments, told Yahoo Finance successful an email.

  Economists person agelong expected a slowdown successful rent increases, a inclination that has been reflected successful different data. February's ostentation people could beryllium the latest motion that the broader cooldown successful rents mightiness yet look successful CPI. The BLS collects rent information each six months, which has caused a lag successful the reporting.

  The authorities said the rent scale roseate 0.3% successful February, matching January’s gait of 0.3%.

  Meanwhile, prices for owners' equivalent rent accrued 0.3% for the month, unchanged from January’s 0.3% gain. Owners' equivalent rent is the estimated rent a homeowner would wage if they rented their property.

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  Stocks popular astatine the unfastened aft promising ostentation data

  The S&P 500 (^GSPC) roseate much than 1.2%, portion the Dow Jones Industrial Average (^DJI) added astir 0.6% oregon astir 300 points astatine the commencement of Wednesday's trading.

  The Nasdaq Composite (^IXIC) led the gains, rising astir 2%.

  The rally astatine the unfastened marked the archetypal motion of reprieve aft the S&P 500 closed connected Tuesday down astir 10% from its astir caller all-time high.

  Big Tech stocks were astatine the forefront, with Nvidia (NVDA) up much than 6% and Meta (META) up implicit 4% astatine the open.

• Gasoline prices decrease, helping pb ostentation cooldown successful February

  Falling gasoline prices contributed to cooler-than-expected ostentation successful February.

  The gasoline scale declined 1% past month, compared to a emergence of 1.8% successful the anterior month, according to information from the Bureau of Labor Statistics released connected Wednesday.

  On an annualized ground gasoline prices decreased 3.1%.

  On Wednesday, the nationalist terms of gasoline hovered astatine $3.08 per gallon, astir $0.07 little than a period ago, according to AAA data.

  Despite the alteration successful state prices, the vigor scale roseate 0.2% implicit the period arsenic energy and earthy state prices rose.

  While lipid prices person declined twelvemonth to date, earthy state has soared amid a colder-than-expected wintertime and expanding exports.

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  Key ostentation measurement hits lowest level successful astir 4 years

  Stock futures are ripping higher connected Wednesday greeting aft the merchandise of a better-than-expected ostentation reading.

  On Wednesday, the latest information from the Bureau of Labor Statistics showed that the "core" Consumer Price Index (CPI) — which strips retired the much volatile costs of nutrient and state — roseate 3.1% successful February, down from 3.3% seen the period prior. This marked the lowest yearly summation successful halfway CPI since April 2021.

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  Inflation increases little than expected successful February

  New information from the Bureau of Labor Statistics retired Wednesday showed that a cardinal ostentation metric roseate by little than anticipated successful February.

  On a "core" basis, which strips retired the much volatile costs of nutrient and gas, the February Consumer Price Index (CPI) climbed 0.2% from January's 0.4% monthly summation and beneath the 0.3% economists had expected. On an yearly basis, prices roseate 3.1%, beneath economists' expectations of 3.2% and little than the 3.3% summation past month.

  Headline user prices besides roseate little than expected. The CPI accrued 2.8% implicit the anterior twelvemonth successful February, a alteration from January's 3% yearly summation successful prices. The yearly summation was beneath the 2.9% economists had expected.

  The scale roseate 0.2% implicit the erstwhile month, good beneath the 0.5% surge seen successful January.

  Read much here.

• Europe stocks rebound powerfully aft EU reveals its counter-tariffs

  European stocks were staging a comeback connected Wednesday from 4 days of losses aft the EU retaliated against US tariffs connected steel.

  Meanwhile, optimism roseate that a US-Ukraine ceasefire program could intermission the warfare with Russia, arsenic the US resumes subject aid.

  The pan-regional benchmark Stoxx 600 (^STOXX) scale was astir 1.2% higher astatine lunchtime section time.

  Meanwhile, Germany's DAX (^GDAXI) surged 1.9%, portion the CAC (^FCHI) successful Paris jumped 1.5%. In London, the benchmark (^FTSE) scale enactment connected 0.6% aft the UK said it won't respond to the US metals tariffs implemented connected Wednesday.

• Wall Street's hopes for a 2025 IPO bonanza are being enactment to the test

• February CPI study expected to amusement ostentation moderated arsenic 'stagflation' fears rise

  Stock futures gained arsenic investors awaited the archetypal CPI ostentation study nether the Trump administration.

  Futures connected the S&P 500 (ES=F) climbed 0.8%, portion Dow Jones Industrial Average futures (YM=F) roseate 248 points, oregon 0.6%. Those connected the tech-heavy Nasdaq 100 (NQ=F) led, advancing 1% higher, aft a jittery league Tuesday.

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  The Consumer Price Index, acceptable for merchandise astatine 8:30 a.m. ET, whitethorn beryllium the latest lawsuit to enactment unit connected stocks arsenic investors equine concerns of a US economical downturn. The study is expected to amusement terms increases moderated successful February.

  Yahoo Finance's Allie Canal writes:

  Read much here.

• The banal market's crisp driblet mightiness person already priced successful a 'shallow' recession

  A tally of disappointing US economical information to commencement 2025 has prompted downgrades to forecasts for GDP maturation — with Trump's argumentation docket seen arsenic a cardinal drag.

  The S&P 500 (^GSPC) is connected the verge of correction territory — 10% disconnected its astir caller grounds precocious — arsenic those fears of an economical slowdown sparked a sell-off.

  Yahoo Finance's Josh Schafer reports:

  Read much here.

• Intel banal jumps aft study TSMC is pursuing a foundry JV with different spot leaders

  Intel (INTC) shares jumped astir 8% successful premarket aft a Reuters study said TSMC has approached Nvidia (NVDA), Broadcom (AVGO), and AMD (AMD) astir a associated task for its chipmaking plants.

  The banal has been connected a thrust precocious arsenic Wall Street wavered implicit the chances of imaginable deals with rivals that would interruption up Intel. Its shares person mislaid implicit fractional their worth this year, which has seen the struggling US chipmaker searching for a caller CEO.

  But analysts person noted that a TSMC-Intel woody is apt to look scrutiny from regulators astatine location and abroad, and reason that a foundry determination wouldn't marque consciousness fixed a quality successful manufacturing processes.

  Reuters reports, citing sources acquainted with the matter:

  Read much here.

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  Good morning. Here's what's happening today.

• Trending tickers after-hours Tuesday

  Groupon (GRPN)

  Groupon shares rocketed up 23% aft the e-commerce marketplace issued better-than-expected full-year gross guidance. Groupon forecasts full-year gross from $493 cardinal to $500 million.

  Finance of America Inc (FOA)

  Retirement loans institution Finance of America banal tanked 17% successful after-hours trade.

  Stitch Fix, Inc (SFIX)

  Stock successful online idiosyncratic styling and e-commerce apparel retailer Stitch Fix jumped 19% successful after-hours trade. After announcing earnings, Stitch Fix projects full fiscal-year income betwixt $1.225 cardinal and $1.240 cardinal arsenic the institution pivots to AI algorithm usage successful its styling service.