{"id":341099,"date":"2024-03-12T17:29:01","date_gmt":"2024-03-12T21:29:01","guid":{"rendered":"https:\/\/stockchase.com\/discover\/?p=341099"},"modified":"2024-03-12T17:29:05","modified_gmt":"2024-03-12T21:29:05","slug":"stocks-rally-despite-hot-inflation-2","status":"publish","type":"post","link":"https:\/\/stockchase.com\/discover\/stocks-rally-despite-hot-inflation-2\/","title":{"rendered":"Stocks rally despite hot inflation"},"content":{"rendered":"\n<p>Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&amp;P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed 0.61%. <\/p>\n\n\n\n<p><a href=\"https:\/\/stockchase.com\/NVDA-Q\">Nvidia<\/a> rebounded 7.16%, <a href=\"https:\/\/stockchase.com\/MMM-N\">3M<\/a> climbed 4.97% and <a href=\"https:\/\/stockchase.com\/ORCL-N\">Oracle<\/a> soared 11.75% after reporting earnings. However, <a href=\"https:\/\/stockchase.com\/LUV-N\">Southwest Airlines<\/a> plunged nearly 15% citing Boeing failure to deliver airplanes on time as a major reason and <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines<\/a> sank 4.71%. The U.S. 10-year yield hovered around 4.159%. Meanwhile, <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin<\/a> gave back 1.4% to trends around $71,100.<\/p>\n\n\n\n<p>The TSX added 0.28% as seven of 11 sectors gained, led by staples and industrials while utilities lagged the most. Among the gainers were <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica<\/a> up 3.62%, <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco<\/a> 2.95% and <a href=\"https:\/\/stockchase.com\/GSY-T\">Goeasy<\/a> up 3.05%. Heading down were <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold<\/a> at -3.88% and <a href=\"https:\/\/stockchase.com\/TA-T\">Transalta<\/a> at -6.03%. WTI held just under $78 while gold slipped over 1% to $2,160.<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/NVDA-Q\">NVIDIA Corporation\u00a0(NVDA-Q)<\/a> +7.16%<\/p>\n\n\n\n<p>&#x1f4be; <a href=\"https:\/\/stockchase.com\/MMM-N\">3M Co.\u00a0(MMM-N)<\/a> +4.97%<\/p>\n\n\n\n<p>&#x1f4bb; <a href=\"https:\/\/stockchase.com\/ORCL-N\">Oracle\u00a0(ORCL-N)<\/a> +11.75%<\/p>\n\n\n\n<p>&#x1f6eb; <a href=\"https:\/\/stockchase.com\/LUV-N\">Southwest Airlines\u00a0(LUV-N)<\/a> -15%<\/p>\n\n\n\n<p>&#x2708; <a href=\"https:\/\/stockchase.com\/AAL-Q\">American Airlines Group\u00a0(AAL-Q)<\/a> -4.71%<\/p>\n\n\n\n<p>&#x1f171; <a href=\"https:\/\/stockchase.com\/CRYPTO:BTC\">Bitcoin (BTCUSD)\u00a0(CRYPTO:BTC)<\/a> -1.4%<\/p>\n\n\n\n<p>&#x1f9ec; <a href=\"https:\/\/stockchase.com\/CLS-T\">Celestica Inc\u00a0(CLS-T)<\/a> +3.62%<\/p>\n\n\n\n<p>&#x26cf; <a href=\"https:\/\/stockchase.com\/CCO-T\">Cameco Corporation\u00a0(CCO-T)<\/a> +2.95%<\/p>\n\n\n\n<p>&#x1f3e0; <a href=\"https:\/\/stockchase.com\/GSY-T\">goeasy\u00a0(GSY-T)<\/a> +3.05%<\/p>\n\n\n\n<p>&#x1f947; <a href=\"https:\/\/stockchase.com\/BTO-T\">B2Gold Corp.\u00a0(BTO-T)<\/a> -3.88%<\/p>\n\n\n\n<p>&#x1f4a1; <a href=\"https:\/\/stockchase.com\/TA-T\">Transalta Corp\u00a0(TA-T)<\/a> -6.03%<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investors shrugged off higher than expected U.S. inflation February to spark a Tuesday rally. CPI rose 0.4% between January and February. The S&amp;P rose 1.12% to a new record high of 5.175, the Nasdaq surged 1.54%, and the Dow climbed [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":174836,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"cwp_meta_box_check":"No","cwp_rev_product_name":"","cwp_rev_product_image":"","wppr_links":[],"cwp_rev_price":"","wppr_options":[],"wppr_pros":[],"wppr_cons":[],"footnotes":""},"categories":[178],"tags":[],"class_list":["post-341099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily"],"wppr_data":{"cwp_meta_box_check":"No"},"_links":{"self":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/comments?post=341099"}],"version-history":[{"count":3,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341099\/revisions"}],"predecessor-version":[{"id":341104,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/posts\/341099\/revisions\/341104"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media\/174836"}],"wp:attachment":[{"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/media?parent=341099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/categories?post=341099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stockchase.com\/discover\/wp-json\/wp\/v2\/tags?post=341099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}