NEW YORK (AP) — Wall Street got some relief after an encouraging report said inflation slowed last month by more than expected, and stocks scraped back some of their sharp losses from recent weeks.

The S&amp;P 500 was 1% higher in early trading Wednesday, a day after it briefly fell more than 10% below its all-time high set last month.

The Dow Jones Industrial Average was up 251 points, and the Nasdaq composite was 1.8% higher.

Big Tech led the gains after being crushed by worries their prices had risen too high in recent years. Tesla, whose price had more than halved since mid-December, rose 7%

Originally Published: <time datetime="2025-03-12 09:40:29">March 12, 2025 at 9:40 AM EDT</time>

Wall Street got some relief after an encouraging report said inflation slowed last month by more than expected.{ai:summary}<p>Wall Street rebounded as inflation data showed a greater-than-expected slowdown, helping stocks recover from recent losses. The S&P 500 rose 1%, the Dow gained 251 points, and the Nasdaq climbed 1.8%, with Big Tech stocks, including Tesla, leading the charge.</p><p>This positive momentum follows a period where the S&P briefly dipped over 10% from its record high. #economy</p>

Wall Street opens higher after a report showing a welcome slowdown in inflation

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