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Market Snapshot: Stock market under pressure after jump in inflation data

U.S. stock-market indexes reversed opening losses and traded higher Wednesday as investors tried to shake off inflation jitters after a reading of January consumer prices showed the strongest monthly rise in five months.

Check out:Why this investment pro thinks inflation fears are overblown

And read:Higher wages spook Wall Street, but fresh fears of inflation look overdone

What are the main benchmarks doing?

The S&P 500 SPX, +0.45% was up by 12 points, or 0.5%, to 2,675 with eight of the 11 main sectors trading higher. Financials and consumer discretionary shares were leading the gains, up 0.9%.

The Dow Jones Industrial Average DJIA, +0.05% added 38 points, or 0.2%, to 24,675.

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