Global markets update: US stocks gain after slowdown in inflation, Nasdaq rallies 1.16%
US stocks gained on Wednesday with Nasdaq rallying over 1% after data showed a slowdown in inflation. The inflation data bolstered hopes that the Federal Reserve could end its interest rate hikes soon. The S&P 500 gained 33.40 points, or 0.75%, at 4,472.66 points. The Nasdaq Composite climbed 160.30 points, or 1.16%, at 13,921.00. The … Read more