US stocks closed in a sea of green Tuesday as Wall Street digested cooler-than-expected inflation data and awaited an update on consumer prices, with the July CPI report due Wednesday morning. Tech stocks led the day's rally with the Nasdaq Composite surging about 2.4% while the benchmark S&P 500 rose about 1.7%. The Dow Jones Industrial Average edged up roughly 1%.
July's retail sales reading, a key indicator of the health of the US consumer, is set to follow on Thursday. Wall Street is coming off an unusually boring day after more than a week of volatility. The S&P 500 and Nasdaq on Monday continued slowly building back toward the highs the indexes saw before a three-day sell-off wiped out a decent chunk of those year-to-date gains. Home Depot was the most significant name on the earnings docket Tuesday.
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