Stock Market Today: Wall Street Nears Record as Markets Prep for Upcoming Inflation Report

Stock Market Today: Wall Street Nears Record as Markets Prep for Upcoming Inflation Report
Visitors to the financial district walk past the New York Stock Exchange in New York on Sept. 23, 2022. Mary Altaffer/AP Photo
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NEW YORK—Wall Street rose Wednesday as traders locked in their final moves ahead of a report on inflation, which could show whether all the excitement that’s vaulted stocks toward records is warranted.

The S&P 500 gained 0.6 percent to pull within 0.3 percent of its all-time high set two years ago. The Dow Jones Industrial Average added 0.5 percent, and the Nasdaq composite rose 0.8 percent.