US Stock Market Move | Technology stocks are mixed, Tesla, Inc. (TSLA.US) is up 2.3%.

On Wednesday, the three major indexes of the US stock market fell, but tech stocks were mixed. As of the time of publication, Tesla, Inc. (TSLA.US) rose 2.3% against the market trend, NVIDIA Corporation (NVDA.US) fell 1.4%, Amazon.com, Inc. (AMZN.US) fell over 1.7%, Meta (META.US), Netflix (NFLX.US), Microsoft Corporation (MSFT.US), Apple Inc. (AAPL.US) all saw slight declines. On the news front, the US basic inflation in January exceeded expectations, supporting the Federal Reserve's cautious approach to interest rate cuts. Data released by the US Bureau of Labor Statistics on Wednesday showed that the seasonally adjusted core CPI in the US rose by 0.4% month-on-month in January. It rose 3.3% year-on-year. Economists believe that compared to the overall CPI, which includes frequently fluctuating food and energy prices, the core CPI can better reflect potential inflation trends. Overall CPI rose 0.5% month-on-month and 3% year-on-year. The US Bureau of Labor Statistics stated that nearly 30% of the increase was due to housing.