Tech Stocks Rebound as Inflation Cools and Tariff Concerns Persist

Nasdaq leads gains with a 1.2% rise, while inflation data shows the lowest core CPI increase since 2021, but trade tensions weigh on market sentiment.

The Nasdaq Composite gained 1.2% and the S&P 500 rose 0.5%, driven by a rally in tech stocks including Nvidia and Tesla, which surged over 6% and 7% respectively.
February's Consumer Price Index (CPI) revealed a 3.1% annual rise in core inflation, the lowest increase since April 2021, signaling easing price pressures.
Trade tensions heightened as Canada imposed 25% retaliatory tariffs on $20 billion of U.S. goods following the implementation of U.S. steel and aluminum tariffs.
Market volatility continues, with the Dow Jones Industrial Average falling 0.2%, marking its third consecutive losing session, while broader indices show signs of recovery.
Intel stock jumped over 11% after the announcement of Lip-Bu Tan as its new CEO, while Adobe shares dropped 4% following a weaker-than-expected earnings forecast.