US stocks moved higher on Tuesday after softer inflation data shut the door on a Fed rate hike this month.
The S&P 500 and Nasdaq 100 rose up to 0.5%, while the Dow swung to hover above the flatline.
Both headline and core inflation rates declined, easing the impact of another rally in energy prices after the US and Iran maintained strikes against each other.
Chip producers rebounded from yesterday's selloff with Micron and Sandisk adding 4% each, tracking major memory producers, while Nvidia rose 1%.
On top of that, financial companies rebounded from early losses.
JPMorgan jumped 3% after posting its strongest profit level ever, while Bank of America, and Citi gained over 2% after releasing their results.
Among capital markets, Goldman Sachs surged over 7% after beating earnings estimates.
On the other hand, IBM tanked 25% after missing expectations and warning of low spending from clients, which have opted for spending on chips and memory this quarter instead.