US stocks snap 3-day losing streak

US stocks rose for the first time in three sessions as markets assessed data showing inflation slowing more than expected in February. Investors were drawn to buy technology stocks, taking advantage of their lower prices.

Dow Jones Industrial Average dropped 0.2%, or 82 points, to 41,350 points, limiting losses after tumbling to 41,010 points.

Meanwhile, S&P 500 Index rose 0.5%, or 27 points, to 5,599 points. Nasdaq Composite added 1.2%, or 212 points, to 17,648 points.

As for the European indices, STOXX Europe 600 inched up 0.8% to 541.25 points, rising for the first time in five sessions.

FTSE 100 gained 0.55% to 8,540 points. CAC 40 edged up 0.6% to 7,988 points, while DAX 40 surged 1.55% to 22,676 points.

In Japan, Nikkei 225 remained unchanged at 36,819 points. TOPIX added 0.9% to 2,694 points.

Brent crude futures for May delivery rose by 2%, or $1.39, to $70.95 a barrel at the close.

Meanwhile, US WTI crude futures for April delivery added 2.15%, or $1.43, to $67.68 a barrel.

As for gold, April futures contracts inched up 0.9%, or $25.9, to $2,946.8 per ounce.

The Consumer Price Index (CPI) rose by 0.2% last month, bringing the annual inflation rate to 2.8%, according to the US Bureau of Labor Statistics.

This marks a slowdown from 0.5% and 3%, respectively, and is lower than the expected 0.3% and 2.9%.