Stocks Rally Ahead of Hotly Anticipated Inflation Report

Stocks Rally Ahead of Hotly Anticipated Inflation Report
Traders work on the floor at the New York Stock Exchange in New York on Oct. 4, 2022. Seth Wenig/AP Photo
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NEW YORK—Wall Street rose Monday as traders made their final moves ahead of a report that could show whether inflation is cooling in the right way or setting the market up for worse pain.

The S&P 500 climbed 1.1 percent in anticipation of Tuesday’s report on inflation at the consumer level across the country. The Dow Jones Industrial Average gained 376.66 points, or 1.1 percent, while the Nasdaq composite rose 1.5 percent.