Stocks then moved back up and ended the day at $265, a 7% increase for the day.

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March 10 (Reuters) - The S&P 500 rose on Wednesday and the blue-chip Dow hit a record high after tepid consumer price data for February calmed inflation worries and Congress gave final approval to one of the largest economic stimulus measures in U.S.

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Cohen, a major shareholder who has pushed Gametopґs move away from its brick-and-mortar model, joined the board in January shortly before a social media frenzy drove a meteoric rise in which GameStop shares surged more than 1,600%.

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"There are tensions about inflation pressures and the stimulus package certainly adds to that pressure which is shown in the weakness in tech stocks and the Nasdaq," said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York.

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Accelerated coronavirus vaccine rollouts and a monster fiscal stimulus on the horizon have raised bets on higher inflation, triggering a spike in Treasury yields that pushed the Nasdaq down as much as 12% from its Feb.

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