S&P 500 and Nasdaq close higher on Wednesday, boosted by big tech and easing price pressures
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Summary
U.S. stocks rose on Wednesday, with all three major indices closing higher, according to market data. The S&P 500 gained 28.81 points, or 0.38%, to 7,572.40, while the tech-heavy Nasdaq Composite rose 162.22 points, or 0.62%, to 26,269.23.
The gains were driven by easing wholesale inflation and strength in big tech stocks, analysts said. The positive close came despite ongoing geopolitical tensions, including reports of damage to residential homes in Ahvaz, Iran, following an attack attributed to the United States.
Cross-referenced from 4 sources across 2 countries and 2 languages. The account holds across the geopolitical divide.
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