Stock Market Today: Nasdaq Leads as Magnificent 7 Stocks Rise

Strength in several mega-cap tech and communication services stocks kept the main indexes higher Thursday.

closeup of blue stock chart with blue bars and orange and green moving averages
(Image credit: Getty Images)

Stocks were volatile Thursday as investors took in more inflation data and considered how it could impact the Federal Reserve's plans for interest rates. Wall Street also looked ahead to first-quarter earnings season, which unofficially kicks off tomorrow as several big banks report.  

Following Wednesday's hotter-than-expected March Consumer Price Index (CPI) – which sent stocks into a tailspin – investors cheered some encouraging aspects of this morning's Producer Price Index (PPI). 

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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.