Dow ends up 105 points Tuesday, stocks post back-to-back gains as inflation data cools

U.S. stocks closed higher Tuesday in a choppy session, after a gauge of consumer prices showed inflation continued to retreat from its June peak. The Dow Jones Industrial Average DJIA, +0.30% rose about 105 points, or 0.3%, ending near 34,110, according to FactSet, after initially climbing about 700 points in early trade. The S&P 500 index SPX, +0.73% gained 0.7% and the Nasdaq Composite Index COMP, +1.01% advanced 1%.

Lower inflation, though still painfully high, gave more hope to investors that the Federal Reserve might be able to increase rates at a less dramatic pace than earlier in 2022, while potentially pausing at a"terminal," or peak, rate that produces a soft-ish landing for the U.S. economy. Bond yields fell Tuesday after the inflation reading, with the 10-year Treasury rate tumbling 11.1 basis points to 3.5%, the biggest daily yield decline for the benchmark rate since Dec.

And yet

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market Today: Dow Closes Up 500 Points Ahead of CPI Report, Fed MeetingThe Dow jumped more than 500 points as investors looked ahead to inflation data and a Fed policy meeting this week Hi Ho Ho!
Source: WSJ - 🏆 98. / 63 Read more »

5 things to know before the stock market opens TuesdayHere are the most important news items that investors need to start their trading day.
Source: CNBC - 🏆 12. / 72 Read more »

Dow surges at the stock-market open after CPI data show inflation rose less than expectedThe U.S. stock market opened sharply higher after a fresh report on inflation showed the cost of living in November rose less than anticipated. The Dow Jones... Still rose
Source: MarketWatch - 🏆 3. / 97 Read more »