Stock Market News: Dow Falls After PPI Inflation Data

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The S&P 500 was rising in midday trading, thanks to a strong performance from technology stocks.

The market benchmark was up 0.1%. The Dow Jones Industrial Average was down 118 points, or 0.3%. The Nasdaq Composite rose 0.7%.

Tech stocks were carrying the market. It was the S&P 500’s leading sector, followed by communication services. Google’s parent Alphabet was the second-best performer in that sector. Only 167 S&P 500 stocks were trading higher. The Invesco S&P 500 Equal Weight ETF was down 0.3%.

Every member of the Magnificent Seven was trading higher; Nvidia stock was up 2.3%; Alphabet stock was up 1.3%; Apple stock rose 1.3%; Amazon stock was up 0.9%; Microsoft stock gained 0.6%; Tesla stock was up 0.2%; and Meta Platforms stock was up 0.1%.