Tame US inflation boosts S&P 500, Nasdaq rallies above 20,000
Wall Street's S&P 500 and tech-heavy Nasdaq rose on Wednesday, with the Nasdaq crossing 20,000 for the first time, fueled by a U.S. inflation report and hopes of a Fed rate cut. The Dow Jones dipped slightly, impacted by proposed legislation affecting health insurers. Strong gains in tech stocks like Tesla and Nvidia drove the market's upward momentum.