The Final Tally: Nvidia Rockets 6.4% as Inflation Report Shocks Wall Street—It’s a Miracle!

For once, the market got a goldilocks inflation report—not too hot, not too cold, just right—and traders took that as their cue to pile back into tech stocks like the last seven days never happened. Recession? Never heard of ‘em. In short, the Nasdaq mooned 1.22% to close at 17,648.45, while the S&P 500 added 0.49% to finish at 5,599.30. Meanwhile, the Dow fumbled the bag, dropping 82 points or -0.2%. 

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Of course, today’s rally had everything tech written on it. Nvidia (+6.4%) and AMD (+4%) reminded everyone why AI stocks still run this market. Meta (+2%) and Tesla (+7.6%) joined the party, presumably because Elon’s discount sale finally attracted some dip buyers. 

On the economic front, the Consumer Price Index (CPI) rose just 0.2% in March, bringing the annual inflation rate to 2.8%—both softer than Wall Street’s estimates (which were 0.3% and 2.9%, respectively). The best part? Core CPI (aka the Fed’s favorite number) also came in below expectations at 3.1% year-over-year. Translation: The Fed might actually have some “policy flexibility” (read: a slight chance of rate cuts before we all turn to dust).

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Basically, inflation cooling off means the Fed won’t be totally handcuffed if the economy starts falling apart—which explains why traders started buying every tech stock in sight.

In other news, Harley-Davidson (-5.7%) and Brown-Forman (-5.1%) got slammed, because whiskey and motorcycles are apparently prime targets for retaliatory tariffs. Delta Airlines (-3%) continued its nosedive, adding to Tuesday’s 7.3% drop after admitting that demand for last-minute flights is falling off a cliff.

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Meanwhile, Casey’s General Stores casually won the day. The home of the greatest pizza you’ll ever have (trust me, you’ll be as shocked as I was), quietly crushed earnings, reporting stronger-than-expected profit and revenue thanks to booming sales of hot food and gasoline (because, ‘Merica!). The stock jumped 6.2%, proving once again that sometimes, it really is all about the little things. 

In the end, the soft inflation report gave traders enough confidence to pile back into tech, but don’t get too comfortable—Trump’s trade war sequel is ramping up, and companies are already feeling the heat. For now, AI stocks still own this market, but we ain’t out of the woods yet, friends. Tomorrow is Thursday, and we could all be saying “Look what you did you little jerk” to the PPI report come market close. Until next time… 

If you read all of this, congrats for having a 10 second attention span (better than me). As always, here’s our heatmap for today.

P.S. Robert Smalls, a big swingin’ Managing Director for StockBridge dumped $27 million in a little known aerospace company on March 10th. In less than 24 hours, we dropped a deep-dive analysis exclusively for Stocks.News premium members, breaking down the why, what it means, and how to play the aerospace sector moving forward—all while retail investors were still wiping their tears from last week's losses. Meaning, if you aren’t in the Stocks.News premium club, well, it goes without saying that you’re missing out. Don’t miss out. Click here to join ASAP… 

Stocks.News holds positions in Meta and Tesla as mentioned in the article.