India, Aug. 12 -- The Nasdaq Composite finished higher on Wednesday, August 12, gaining 150.64 points, or 0.57%, to close at 26,596.09. Technology and semiconductor stocks led the advance as softer inflation signals eased concerns over another Federal Reserve rate hike.

Market Snapshot

The Nasdaq Composite closed at 26,596.09, up 150.64 points or 0.57%.

The index maintained a positive tone through the session as investors increased exposure to technology and semiconductor stocks.

Why Is Nasdaq Up Today?

The Nasdaq gained as softer inflation data reduced expectations of another Federal Reserve interest-rate increase in September.

Lower rate-hike expectations tend to support growth and technology stocks because their valuations are pa...