Stock Market Indexes Rally on Inflation Data, Though the Dow Sat It Out

Key Points The Nasdaq Composite rose 1.1% and the S&P 500 0.6%, while the Dow finished the morning flat. Core PCE rose just 0.2% in August for a 3.0% annual rate, below the 3.3% forecast. Micron reports fiscal fourth-quarter results after Wednesday's close. 10 stocks we like better than Dow Jones Industrial Average › Inflation came in cooler than expected on Wednesday morning, which is exactly the news this market has been awaiting for weeks. Then six stocks drove the entire rally, leaving the rest of the market standing still. The Nasdaq Composite (NASDAQINDEX:^IXIC) climbed 1.1% as of 12:05 p.m. ET and the S&P 500 (SNPINDEX:^GSPC) added 0.6%. The Dow Jones Industrial Average (DJINDICES:^DJI) sat exactly flat.