The USA500 is trading at 4,648.
Fresh inflation data released Tuesday kept investors’ soft-landing hopes alive, propelling U.S. stocks upward.
The S&P 500 rose 0.5%. The Dow Jones Industrial Average gained 173 points, or 0.5%. The Nasdaq Composite added 0.7%.
All three indexes closed at fresh 52-week highs for a third session in a row. The S&P 500 and Dow rose to their highest closing levels since January 2022, while the Nasdaq reached its highest close since March 2022. The major indexes are going on their seventh consecutive week of gains.