
Stocks continued to climb on Tuesday as a key inflation report came in much lighter than expected and tech stocks extended an impressive rebound. This helped offset lingering worries over the war in Iran and a disappointing start to first-quarter earnings season.
Ahead of the opening bell, the Bureau of Labor Statistics said the Producer Price Index (PPI), which measures what businesses are charging suppliers for goods, rose 0.5% from February to March, much slower than the 1.1% economists expected.