Stocks Rise as Inflation Report Keeps Rate Hikes on Track

Stocks Rise as Inflation Report Keeps Rate Hikes on Track
A pedestrian passes the New York Stock Exchange in New York, on Nov. 30, 2021. John Minchillo/AP Photo
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Wall Street capped a day of wobbly trading with modest gains for stocks Wednesday, as investors weighed the implications of the latest economic snapshot showing rising inflation.

The S&P 500 rose 0.3 percent after veering between a loss of 0.1 percent and a gain of 0.8 percent over the course of the day. The Dow Jones Industrial Average eked out a 0.1 percent gain, while the Nasdaq composite rose 0.2 percent.