NEW YORK—Wall Street returned to its highest level in more than a year on Wednesday after a report showed inflation cooled a bit more than expected last month, which hopefully takes some more pressure off the economy.
The S&P 500 rose 32.90, or 0.7 percent to 4,472.16 to reach its strongest closing level since April 2022. The Dow Jones Industrial Average rose 86.01, or 0.3 percent, to 34,347.43, and the Nasdaq composite gained 158.26, or 1.2 percent, to 13,918.96.
