Tech leads sectors higher in early trading as chip stocks gain: AlphaCheck

Stocks traded higher on Wednesday after the Consumer Price Index report showed inflation moderated in July, with the Nasdaq Composite leading major indexes as technology stocks gained. Nvidia rose 2% and semiconductor stocks rallied, driving the Technology Select Sector SPDR Fund (XLK) to lead sector gains at the open, while energy and healthcare stocks pulled back.

Good morning. Stocks traded higher on Wednesday after the Consumer Price Index report https://finance.yahoo.com/economy/article/july-inflation-eased-up-despite-recent-energy-shocks-182926153.html showed inflation moderated in July amid volatile oil price moves during the month. The Nasdaq Composite ^IXIC https://finance.yahoo.com/quote/^IXIC/ led the major indexes after earnings from key AI infrastructure plays boosted tech stocks. Here's a check of the markets in early trading, as of 9:30 a.m. ET, based on a heat map powered by Yahoo Finance AlphaSpace data https://alphaspace.finance.yahoo.com/ . Technology XLK https://finance.yahoo.com/quote/XLK/ was the sector leader at the open, driven by a 2% gain in Nvidia NVDA https://finance.yahoo.com/quote/NVDA/ and a rally in semiconductor stocks. Energy XLE https://finance.yahoo.com/quote/XLE/ stocks turned lower as oil prices slipped, while healthcare XLV https://finance.yahoo.com/quote/XLV/ stocks pulled back after recent gains. Here are some notable stocks that Yahoo Finance readers are viewing this morning: Nebius NBIS https://finance.yahoo.com/quote/NBIS/ , SpaceX SPCX https://finance.yahoo.com/quote/SPCX/ , Nvidia NVDA https://finance.yahoo.com/quote/NVDA/ , Micron MU https://finance.yahoo.com/quote/MU/ , CoreWeave CRWV https://finance.yahoo.com/quote/CRWV/ , and Supermicro SMCI https://finance.yahoo.com/quote/SMCI/ . Click here for in-depth analysis of the latest stock market news and events moving stock prices Read the latest financial and business news from Yahoo Finance