Tesla's stock rose 2.3% as tech stocks fluctuated.

On Wednesday, the major US stock indexes declined, but the tech stocks showed mixed performance. As of the writing, Tesla (TSLA.US) bucked the trend, rising 2.3%, while Nvidia (NVDA.US) fell 1.4%, Amazon (AMZN.US) dropped more than 1.7%, Meta (META.US), Netflix (NFLX.US), Microsoft (MSFT.US), and Apple (AAPL.US) dipped slightly. On the news front, US core inflation rose more than expected in January, supporting the Fed's cautious stance on rate cuts. According to the US Bureau of Labor Statistics, the US core CPI rose 0.4% month-on-month in January, up 3.3% year-on-year. Economists believe that core CPI can better reflect the trend of potential inflation than the overall CPI, which includes volatile food and energy prices. The overall CPI rose 0.5% month-on-month and 3% year-on-year. The US Bureau of Labor Statistics said that nearly 30% of the growth was due to housing.