Tech carries Wall Street to records, even as most stocks fall after discouraging inflation data (opens in new tab)

A rebound for technology stocks led Wall Street to records Wednesday, even though the majority of U.S. stocks fell following another discouraging update on inflation. Gains for tech stocks led the way, like Micron Technology’s 4.8% and On Semiconductor’s 11.1%. Its CEO, Jensen Huang, got an invitation to join President Donald Trump on his trip to China, where they could discuss allowing shipments of Nvidia AI chips to the world’s second-largest economy.