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S&P 500 Gains and Losses Today: Enphase, Other Solar Stocks Jump After CPI Report

A chart shows the companies in the S&P 500 with the largest gains and losses on Nov. 14, 2023.

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Key Takeaways

  • The S&P 500 soared 1.9% on Tuesday, Nov. 14, 2023, as news about consumer prices raised optimism that the Fed may stop boosting interest rates to fight inflation.
  • Bond yields plunged, helping shares of Enphase Energy and other solar stocks power higher.
  • Amazon struck deals with both Snap and C3 AI, and shares of all three companies advanced.

U.S. equities soared Tuesda🍨y as the S&P 500 jumped 1.9%, following a favorable inflation report.

Labor Department data showed that consumer inflation was flat in October, raising optimism that the Federal Reserve will be able to stop raising interest rates to bring down high prices. The news also sent 澳洲幸运5开奖号码历史查询:bond yields sinking.

Tech stocks, which benefit from lower borrowing costs, surged. The SPDR Select Sector Technology Fund (XLK) rose 2% to an all-time high.

Enphase Energy (ENPH) shares picked up🔜 1🎀6.4%, and other stocks in the solar power sector advanced.

Goldman Sachs (GS) shares gained 3.6%, and sha✅res of rival banks also climbed.

Home Depot (HD) led the Dow higher, with shares advancing 5.4%, after the biggest home improvement retailer 𒈔澳洲幸运5开奖号码历史查询:exceeded estimates for earnings and sales.

Amazon (AMZN) shares added 2.3% as the online retailing giant reached a deal with Snap (SNAP) allowing Snapchat users to purchase items from Amazon without leaving the site. Amazon also expanded its strategic cooperation agreement with enterprise artificial intelligence software provider C3 AI (AI). Shares of Snap and C3 AI gai𒁏ned 7.5% and 7.4%, respectively.

Arthur J. Gallagher (AJG) shares dropped 1.5% after the insurance broker said it purchased Australia's Edgar Insurance Brokers. ✤Terms of the transaction weren't disclosed.

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