Investors were relieved by a more subdued-than-expected inflation figure, which caused stocks to rise on Tuesday.
The Dow Jones Industrial Average surged 0.5%, or 200 points.
The Nasdaq Composite rose 0.6%, while the S&P 500 gained 0.4%.
Investors were soothed by Tuesday’s release of new inflation statistics after they had been concerned that President Donald Trump’s expansive tariff measures would cause prices in the US economy to rise.
Source (CNBC)
