Inflation Dropped More Than Expected In The U.S. In June. Stocks Climbed As a Result

Stocks rose on Tuesday after inflation dropped in the U.S. and traders reduced their expectations of a rate hike by the Federal Reserve in its next meeting. (Credit: Reuters)

Stocks rose on Tuesday after inflation dropped in the U.S. and traders reduced their expectations of a rate hike by the Federal Reserve in its next meeting.

The S&P 500 climbed 0.38%, while the tech-heavy Nasdaq Composite overperformed, gaining 0.90%. The Dow Jones Industrial Average edged higher, increasing by 0.02%.