U.S. stocks traded higher toward the end of trading, with the S&P 500 index gaining over 1% on Tuesday.
The Dow traded up 0.74% to 39,057.10 while the NASDAQ rose 1.41% to 16,245.83. The S&P 500 also rose, gaining, 1.10% to 5,174.28.
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Leading and Lagging Sectors
Information technology shares jumped by 2.1% on Tuesday.
In trading on Tuesday, utilities shares fell by 1.1%.
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 114% to $1.94 after the company announced a special-one time cash dividend.
Shares of Regulus Therapeutics Inc. (NASDAQ: RGLS) got a boost, surging 72% to $2.3799 after the company announced topline results from the second cohort of patients in its Phase 1b MAD study …