# The S&P 500 Index ($SPX) (SPY) is up +0.07%, the Dow Jones Industrial Average ($DOWI) (D.

*business · news · 2026-04-10 · Barchart*

## Key points

- US consumer prices rose less than expected, easing inflation concerns and supporting stock gains.
- Over 800 vessels are trapped in the Persian Gulf as the Strait of Hormuz remains largely closed.
- Software stocks are under pressure due to AI disruption fears after new launches by Anthropic and Meta.
- Lumentum Holdings reported accelerating demand from major US tech companies, boosting optical component stocks.
- CoreWeave shares rose over 6% after Anthropic agreed to rent its data center space.

**Companies:** Broadcom, ARM Holdings Plc, Advanced Micro Devices, ASML Holding NV, Intel, Qualcomm, Salesforce, Oracle, NXP Semiconductors NV, Microchip Technology, KLA Corp, Applied Materials, Lam Research, ServiceNow, Datadog, Palantir Technologies, Intuit, Atlassian, Autodesk, Cloudflare, Palo Alto Networks, CrowdStrike Holdings, Fortinet, Zscaler, Okta, Lumentum Holdings, Marvell Technology, CoreWeave, Shake Shack, Nutanix, Veeva Systems
**Countries:** United States, Iran, Israel, Lebanon, China, Japan, Germany, United Kingdom

[Read the full story on Barchart](https://www.barchart.com/story/news/1242938/stocks-see-support-as-inflation-concerns-ease)

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