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S&P 500 Gains and Losses Today: Tech Stocks Bounce Back After Soft Inflation Data

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The S&P 500 added 0.5% on Wednesday, March 12, after a key inflation report showed consumer prices increased at a slower-than-expected pace last month.
The article from MSN Money discusses the performance of the S&P 500 following the release of softer-than-expected U.S. inflation data. Tech stocks, in particular, experienced a significant bounce back, with companies like Apple, Microsoft, and Amazon leading the gains. This positive movement was attributed to the lower inflation figures suggesting that the Federal Reserve might pause or slow down its rate hikes, which typically benefits tech companies due to their reliance on future earnings and lower borrowing costs. The article also notes that while tech stocks surged, other sectors like energy and utilities saw declines, reflecting a mixed market response to the economic indicators. Overall, the market's reaction was seen as a vote of confidence in the tech sector's resilience and potential for growth amidst a cooling inflation environment.

Read the Full Investopedia Article at:
[ https://www.msn.com/en-us/money/markets/s-p-500-gains-and-losses-today-tech-stocks-bounce-back-after-soft-inflation-data/ar-AA1ANhY1 ]