Stock Market Today: Falling Inflation Sparks Rally in Tech Stocks

All three major indexes closed higher after the June CPI report, but tech stocks saw outsized gains.

man running on top of rising gray arrows
(Image credit: Getty Images)

The latest inflation data lit a fire under stocks Wednesday, with all three major indexes closing solidly higher. 

Data from the Bureau of Labor Statistics showed that consumer prices rose at their slowest pace in two years, though this did little to lower expectations of another quarter-point rate hike coming down the pike. 

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.