Market Recap

Stocks rose on Wednesday despite a new report on inflation coming out this morning, which showed the fastest rate of increase in consumer prices since 1982. The inflation report comes the day after Fed Chairman Jerome Powell testified before Congress and said the Central Bank was ready to step in to stop inflation.

$SPDR S&P 500 ETF(SPY.US)$ : +0.28%

$Invesco QQQ Trust(QQQ.US)$ : +0.41%

$SPDR Dow Jones Industrial Average Trust(DIA.US)$ : +0.13%

$iShares Russell 2000 ETF(IWM.US)$ : -0.78%

$CBOE Volatility S&P 500 Index(.VIX.US)$ : -3.48%

10-Year Treasury yield: 1.737%

$Tesla(TSLA.US)$ : +3.97%

$Alibaba(BABA.US)$ : +4.24%

$Taiwan Semiconductor(TSM.US)$ : +2.39%

$NIO Inc(NIO.US)$ +5.56%

$CrowdStrike(CRWD.US)$ : -4.15%