Stocks Rebound as Investors Cautious After Inflation Scare
• US stocks rebounded on Wednesday after selling off sharply on Tuesday following hotter-than-expected inflation data • The Dow rose 0.4% after dropping 500 points on Tuesday for its worst day since March 2022 • Chicago Fed President cautioned against overreacting to one inflation report; underlying trend still shows inflation declining • Tesla investors surveyed by Morgan Stanley overwhelmingly expect the stock to underperform over the next 6-12 months • Slack launched a new AI bot to help users catch up on missed conversations by summarizing threads and channels