S&P 500, Nasdaq end higher as cool inflation data calms tariff jitters
By Stephen
Culp
Wed March 12, 2025 4:47 PM
All three indexes went into freefall in the morning session, the Dow losing about 300 points before noon. But then a CPI report showing inflation heading in the desired direction pumped up everyone’s spirits which started a nice rally, especially in tech, a rally that likely would have been a lot stronger if not for all the fears and uncertainty surrounding the tariff wars. Because of the trade wars, “we really expect the uncertainty and volatility to continue here through much of March. Wall Street and Main Street are still looking for direction.”
The Nasdaq has now been confirmed in correction since December 16th and the S&P, today 8.9% below its all-time high a month ago and on Monday dipped below the 200-day moving average for the first time in 17 months. Goldman Sachs has lowered its year-end S&P forecast and JP Morgan has raised the odds of recession. Volume came a little below the 16.59 billion average at 16.14 billion.
DJ: 41,433.48 -478.23 NAS: 17,436.10
-32.23 S&P: 5,572.07
-42.49 3/11
DJ: 41,350.93 -82.55 NAS: 17,648.45
+212.36 S&P: 5,599.30
+27.23 3/12
Wed 3-12-25 4:47 pm S&P 500, Nasdaq end higher as cool inflation data calms tariff jitters | Reuters
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