Stocks mostly climb, except tech, as inflation worries ease
March 11, 2021
A benign reading on inflation helped spur stocks on Wall Street broadly higher, sending the Dow Jones Industrial Average to an all-time high.
The S&P 500 rose 0.6%, led by gains in energy and financial stocks. Technology companies fell, giving back some of their gains from a big rally a day earlier. The tech-heavy Nasdaq posted a small loss after an early gain faded.
A key measure of inflation at the consumer level came in lower than expected last month, helping to calm investors who had worried that prices could rise too quickly as the economy recovers. Treasury yields fell broadly followi...