A rebound for technology stocks led Wall Street to records, even though the majority of U.S. stocks fell following another discouraging update on inflation.

The S&P 500 rose 0.6% Wednesday and topped its prior all-time high set early this week. The Dow Jones Industrial Average dipped 0.1%, and the Nasdaq composite climbed 1.2% to its own record.

Nvidia and other tech stocks led the way, a day after stumbling in an industrywide swoon. Most other stocks weakened after a report showed inflation at the U.S. wholesale level was significantly worse last month than economists expected.

On Wednesday:

The S&P 500 rose 43.29 points, or 0.6%, to 7,444.25.

The Dow Jones Industrial Average fell 67.36 points, or 0.1%, to 49,693.20

The Nasdaq composite rose 314.14 points, or 1.2%, to 26,402.34.

The Russell 2000 index of smaller companies rose 1.10 points, or less than 0.1% to 2,843.93.

For the week:

The S&P 500 is up 45.32 points, or 0.6%.

The Dow is up 84.04 points, or 0.2%.

The Nasdaq is up 155.27 points, or 0.6%.

The Russell 2000 is down 17.28 points, or 0.6%.

For the year:

The S&P 500 is up 598.75 points, or 8.7%.

The Dow is up 1,629.91 points, or 3.4%.

The Nasdaq is up 3,160.35 points, or 13.6%.

The Russell 2000 is up 362.02 points, or 14.6%.