Wall St: S&P 500, Dow up after inflation data, Nasdaq down on rate hike worries
Ten of the 11 major S&P sectors advanced in morning trade. Energy gained 3.4% as oil prices jumped over 4% buoyed by supply concerns
The S&P 500 and the Dow rose in choppy trading on Wednesday as banks and energy shares gained, while the tech-heavy Nasdaq came under pressure after inflation data cemented expectations of aggressive interest rate hikes.
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