Dow ekes out gain as stocks finish higher after volatile session
U.S. stocks closed higher on Tuesday but below their best levels of the session after more data suggested inflation may be slowing and mega-retailer Wal-Mart (WMT) o8ffered a rosier annual forecast. The S&P 500 finished up 34.48 points, or 0.9%, to 3,991.73. And the Nasdaq Composite closed 162.19 points, or 1.5%, higher at 11,358.41. The Dow Jones Industrial Average rose 56.22 points, or 0.2%, to 33,592.92. Stocks benefited earlier in the session after wholesale prices rose just 0.2% in October, a fourth straight soft reading that suggests inflation is on the wane after hitting a 40-year high earlier in the year.
-
(END) Dow Jones Newswires
November 15, 2022 17:25 ET (22:25 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.