Stocks Rise on Cooling Inflation Data After Up-and-Down Day

Stocks Rise on Cooling Inflation Data After Up-and-Down Day
A street sign in front of the New York Stock Exchange in New York on June 14, 2022. Seth Wenig/AP Photo
The Associated Press
Updated:

NEW YORK—Stocks rose on Wall Street Tuesday following more signs the nation’s punishingly high inflation may be falling off faster than expected.

The S&P 500 climbed 0.9 percent, or 34.48 points, to 3,991.73, though it went on another unsettling ride to get there. A flare-up of worries about the war in Ukraine caused a brief pullback in markets during the afternoon, forcing the S&P 500 to swing from an early gain of 1.8 percent all the way to a loss of 0.1 percent before it recovered.