Dow Climbs Amid Inflation Data as Bitcoin Surges to $92,000
TL;DR Summary
The Dow Jones rose 0.4% as inflation data met expectations, while Bitcoin surged to $92,000, marking a 110% increase this year. Nvidia-backed AI firm SoundHound's stock fell over 16% despite an earnings beat. Meanwhile, Rocket Lab soared over 40% on better-than-expected results, and Spotify saw a rise in premium subscribers. In contrast, Occidental Petroleum and Instacart faced declines. The Nasdaq and S&P 500 also saw gains, with mixed performances among major tech stocks.
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- Stock market today: Wall Street drifts after inflation update comes in as expected The Associated Press
- Stock Market News Today: Dow Moves Higher After CPI Report; Bitcoin Hits $90,000 — Live Updates The Wall Street Journal
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