U.S. stocks rose to one of their best days of the year as Wall Street relaxed after the first of several highly anticipated reports on the economy this week came in better than expected.
The S&P 500 rallied 1.7 percent Tuesday after the government reported inflation at the wholesale level slowed last month by more than anticipated. The Dow Jones Industrial Average gained 1 percent, and the Nasdaq composite climbed 2.4 percent.
Starbucks soared after naming Brian Niccol, the head of Chipotle, as its new CEO. Treasury yields eased ahead of more reports this week on inflation and retail sales.
On Tuesday:…
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How Major US Stock Indexes Fared Aug. 13
