Stock market news today: Stocks gain as optimism grows for soft landing

Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market.US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023.

Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily.

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