The S&P 500 jumped 0.26% to end the session at 7,748.50 points, the Nasdaq added 0.54% to 26,588.49 points for the session, while the Dow Jones Industrial Average added 0.04% ⁠to 53,770.27 points

The S&P 500 and the Nasdaq closed higher on ​Wednesday, lifted by upbeat quarterly results from CoreWeave and other AI infrastructure firms, while mild inflation data reinforced bets ‌that the U.S. central bank will hold interest rates steady in September.

The S&P 500 jumped 0.26% to end the session at 7,748.50 points. The ​benchmark is up around 13% so far in 2026.

The Nasdaq added 0.54% to 26,588.49 points for the session, while the Dow Jones Industrial Average added 0.04% ⁠to 53,770.27 points.

Consumer prices barely rose in July as the cost of gasoline dropped for a second straight month, while underlying inflation was benign, further reducing expectations of an interest rate hike from the central bank next month.

The numbers came in right ​in line. The market’s reaction is slightly positive because the market was fearful it was going to come in ​worse than it did. You’re seeing a market thinking that the Fed is not being pushed toward ⁠a rate hike, said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut.

CoreWeave soared 19% after the AI cloud company lifted ​its annual capital spending forecast and topped second-quarter earnings estimates.

Data centre operators also gained, with IREN adding nearly 10% and Applied Digital ​up 4.9%. Data centre company Nebius Group climbed 34%, helped by second-quarter results that beat expectations.

Super Micro Computer soared 19% after the AI server maker forecast fiscal 2027 revenue above stock market expectations.

Chipmakers rose, with Nvidia rising 3% and Micron Technology advancing 4.9%. The PHLX Semiconductor Index rose around 2.5%. It remains ​down about 15% from its record-high close on June 22.