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Stocks rose after CPI matched forecasts. CoreWeave jumped 21% on AI demand

CoreWeave and Super Micro Computer earnings lifted AI-linked stocks, while cooling inflation reduced pressure on the Fed to raise rates

Xinhua News Agency / Getty Images

U.S. stocks rose Wednesday after July's consumer price index came in line with expectations, easing concerns about further Federal Reserve rate increases. The S&P 500 opened in record territory and was up 0.3% in early trading, with the Nasdaq $NDAQ Composite advancing 0.7% and the Dow Jones Industrial Average ticking up 24 points, or 0.1%.

Headline consumer prices rose 0.1% month-over-month in July and 3.4% on an annual basis, down........

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