Stocks gained on Wednesday, the final day of September, after new U.S. economic data showed inflation slowed last month, sending Treasury yields lower.
The personal consumption expenditures price index for August increased at a 3.4% annual rate, down from 3.7% the month prior. Economists surveyed by Dow Jones had been looking for inflation to remain steady at 3.7%. Even more encouraging was core PCE, excluding food and energy, which rose 3% year on year, down from 3.3% the month before and also lower than economists had forecast.
The Dow Jones Industrial Average climbed 0.19%. The S&P 500 advanced 0.31%, and the Nasdaq Composite advanced 0.4%.
Nvidia Up Over 1%, Alphabet Up Over 2%, CoreWeave Up Over 3%