Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected.
The S&P 500 rose 0.4 percent Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.6 percent, and the Nasdaq composite ended basically flat.
Treasury yields were steady after the U.S. government said consumers paid prices for food, gasoline and other things last month that were 2.9 percent higher than a year earlier. The data should keep the Federal Reserve on track to cut its main interest rate in September.
On Wednesday:
The S&P 500 rose 20.78 points, or 0.4 percent, to 5,455.21….
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