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Watch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. The cooling of geopolitical tensions, a rally in big tech and solid economic data fueled gains in stocks, with the market remaining higher after an in-line inflation report. Short-dated bonds fell. Megacaps led equities higher as comments from Nvidia Corp.’s Jensen Huang bolstered the artificial-intelligence trade. Small firms beat the S&P 500 for a 14th straight session. JPMorgan Chase & Co. pared gains as Donald Trump sued the lender and its head Jamie Dimon over alleged debanking. In late hours, Intel Corp. gave a tepid forecast. Treasury two-year yields climbed as strong data reinforced the argument for the Federal Reserve to keep rates on hold. The S&P 500 rose 0.55%. A gauge of the “Magnificent Seven” shares climbed 2.1%. The Russell 2000 of small firms hit a record. A measure of stock volatility — the VIX — tumbled to below 16. The yield on 10-year Treasuries was little changed at 4.25%. The dollar lost 0.3%. Oil sank as Ukrainian President Volodymyr Zelenskiy discussed plans for trilateral meetings with the US and Russia. Gold rose to all-time highs. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: / bloombergradio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: / bloombergpodcasts Bloomberg Television: / @markets Bloomberg Originals: / bloomberg Quicktake: / @bloombergquicktake