Why Are Stocks Up Today?

The question of why are stocks up today can be traced back to positive market momentum. Until very recently, stocks were down across many sectors on news of the CPI report. But even rising inflation sometimes fails to overpower broad financial markets when Wall Street is able to shake off negative macroeconomics headwinds. That seems to be what we’re seeing today.
Many high-growth tech stocks plunged this morning. However, in the past hour, almost every name he cited has started rising, including $Meta Platforms(META.US)$ and $Apple(AAPL.US)$ . A better measure of the market’s strength are the broad indexes, though, and all three are trending upward. The $Dow Jones Industrial Average(.DJI.US)$ is up 2% for the day while the $S&P 500 Index(.SPX.US)$ is just behind it. The $Nasdaq Composite Index(.IXIC.US)$ Composite is up 1.5%, and all three indexes look primed to keep rising.
Another positive indicator for investors today is the recent rise in oil prices. Reuters reports that low levels of diesel inventory have pushed prices up by $1 today as companies prepare for the coming winter. Both Brent and U.S. crude oil futures have gained 1.3% after previously declining. This is excellent news for companies like $Exxon Mobil(XOM.US)$ and $Cematrix Corp(CVX.CA)$ , which have been rising steadily all day.