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Upward Trend on Wall Street

Today's inflation figures for the US part get the New York stock exchange to open upwards.

» Published: March 12 2025 at 14:47

Upward Trend on Wall Street
Photo: Peter Morgan/AP/TT

In the initial trading, all three indexes are on the plus side, with the technology-heavy Nasdaq composite index taking the lead with an increase of 1.8 percent.

The Dow Jones industrial index is simultaneously rising 0.5 percent and the broad S&P 500 index is up 1.0 percent. The inflation rate for February was 2.8 percent, which can be compared to a price increase rate on an annual basis of 3.0 percent the previous month.

Among individual shares, a notable increase is seen, among others, in Nvidia, which is up 5 percent, while Tesla is rising 6 percent.

Today's increase comes, however, after a period of sharp price falls on the New York stock exchange. During the last month, the S&P 500 has fallen nearly 8 percent.

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By TTThis article has been altered and translated by Sweden Herald

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