Stock Market Today: Dow Rises After CPI Inflation Report; Tesla, Spotify, Nvidia, Cava, Rivian, More Movers

LIVE UPDATES

Last Updated:

Nov. 13, 2024 at 2:57 PM EST

Just In

11 min ago

2 hours ago

3 hours ago

4 hours ago

5 hours ago

3 hours ago

Connor Smith

After a brief pause ahead of the latest inflation report, the Trump trade picked back up on Wednesday.

The S&P 500 was up 0.2% and within striking distance of its record close. The Dow was up 191 points, or 0.4%. The Nasdaq Composite was flat.

After the CPI reading came in line with economists' expectations, Wall Street resumed buying up assets viewed as beneficiaries from President-elect Donald Trump’s stances on regulation, taxes, and crypto.

The Russell 2000, which has surged since Trump’s win, was up another 0.8%. At the sector level, the S&P 500 financials and industrials were up 0.6%. Energy stocks were up 0.3%. The real estate sector was up 1.1% in the wake of falling Treasury yields. Within the S&P, 337 stocks were on the rise.

Bitcoin was up 6.5% to $91,874, according to CoinMarketCap. The iShares Bitcoin Trust ETF was up 3.4% and on track for its highest close on record. The ETF is up 38% over the past seven days.

The U.S. Dollar Index was up 0.3% to $106.36. It would be its highest close since Nov. 1, 2023.