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%.