US stocks rise as cooler August inflation lifts Dow, S&P 500, and Nasdaq
US stocks rose Wednesday after cooler-than-expected August inflation data lifted investor sentiment, with the Dow up 84 points, the S&P 500 gaining 0.6%, and the Nasdaq climbing about 1%. The Personal Consumption Expenditures price index rose 3.4% year over year in August, down from 3.7% in July and below economist forecasts. Core PCE also came in at 3%, lower than expected, while Treasury yields eased but remained near multi-decade highs. Investors now await Friday's jobs report, with traders reducing odds of an October Fed rate hike to 35%. Strong ADP private-sector hiring of 90,000 jobs partially offset the inflation news, while Boeing rose on a defense contract and Mattel fell on a CEO change.