BUSINESSWPLG LOCAL 10 MIAMI
US stocks hold steadier, even as IBM plunges toward its worst day ever
US stocks rose as inflation data showed a slower-than-expected increase, reducing pressure on the Federal Reserve to raise interest rates. Tech stocks like Micron Technology and Nvidia rebounded after earlier declines, while oil prices fluctuated due to geopolitical tensions in the Middle East.
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Adjacent reporting
- Inflation beat expectations. IBM stock crashed. Oil surged. The S&P 500 is barely up
- Wall Street calms, and stocks hold steadier after US inflation data comes in less bad than expected
- Most US stocks rise, but drops for tech keep Wall Street in check
- Asian shares are mixed as tech stocks rebound from sell-offs, while oil prices slip
- World shares mostly advance as tech stocks rebound from sell-offs, while oil prices slip