Stocks climbed on Tuesday as Wall Street cheered the inflation cooldown in the latest economic data for October. The S&P 500 gained 1.9% and the Nasdaq Composite added 2.4%, both notching their best day since April. That’s down from 3.7% the prior month, according to fresh data from the Bureau of Labor Statistics. That brings the annual increase to 4%, the lowest annual increase since September 2021. The October Producer Price index, retail sales and building permits and housing starts data are also slated for release this week.

Source: CNN November 14, 2023 16:38 UTC