U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 100 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.27% to 38,873.55 while the NASDAQ rose 0.69% to 16,129.18. The S&P 500 also rose, gaining, 0.52% to 5,144.57.
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Leading and Lagging Sectors
Information technology shares jumped by 0.7% on Tuesday.
In trading on Tuesday, utilities shares fell by 0.3%.
Top Headline
The U.S. consumer price index exceeded expectations in February.
In February 2024, the inflation rate climbed to 3.2% compared to the previous year, surpassing both the previous and expected rate of 3.1%. On a monthly basis, the core CPI increased by 0.4%, in line with January’s figure and exceeding the predicted 0.3% rise.
Equities Trading UP
ClearOne, Inc. (NASDAQ: CLRO) shares shot up 130% to $2.089 after the company announced a special-one time cash dividend.
Shares of Regulus Therapeutics Inc. (NASDAQ: RGLS) got a boost, surging 81% to $2.50 after the company announced topline results from the second cohort of patients in its Phase 1b MAD …