S&P 500 Relinquishes CPI Gains - Semiconductor Stocks Weigh on Markets - Wall Street Banks Celebrate Record Quarter - Trump Trade war Causes Trading Profits - Meta Attempts to buy AI Leadership - DAX Rises Thanks to Easing US Producer Price Data - Automotive Stocks Under Pressure

The S&P 500 showed little change on Wednesday after a drop in semiconductor stocks erased earlier gains triggered by weaker inflation data. The consumer price data released in the morning initially boosted sentiment as it strengthened expectations for interest rate cuts by the Federal Reserve this year. However, a drastic decline in shares of Dutch ASML Holding , which lowered its revenue forecast for the coming year, significantly weighed on the entire semiconductor sector. At the same time , surprisingly positive quarterly results from...