Weaker Inflation Data Boosts Hopes for Fed Pause on Rate Hike.
US stocks rose after weaker-than-expected inflation data boosted hopes that the Federal Reserve will pause its interest rate hikes. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained 0.4%, and the Nasdaq Composite added 0.9%. The market's gains were attributed to investors' optimism that the Fed will take a more cautious approach to raising interest rates in light of the lower inflation data.