Stocks Rise After More Inflation Data
The economy is sending mixed signals and investors are unsure about the path of interest rates.
Stocks rose in midday trading on Thursday after data revealed that U.S. producers prices fell unexpectedly in March. This added to the optimism about inflation easing.
The S&P 500 index gained 0.8% while the
Dow Jones Industrial Average
The Dow Jones Industrial Average rose by 0.5% or 177 points. The Nasdaq Composite, which is heavily tech-heavy, rose 1.5%.