This would have been a good spot for the Nasdaq to take a break but it's not happening. The Nasdaq Composite is at a session high, up 0.3% as it shakes off the CPI report in the same way that it shook of a strong non-farm payrolls report.

This could be the fifth straight day of gains for the tech index and its ability to pop despite higher Treasury yields is impressive.

Nasdaq daily
Nasdaq daily