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image: Mary Altaffer / Associated Press

Stocks rise as consumer price report soothes inflation fears

March 13, 2018

Via: ABC News

U.S. stocks are moving higher Tuesday morning after the Labor Department said inflation remained in check last month. Technology and health care companies are leading the way. Qualcomm is skidding after President Donald Trump blocked a bid for the chipmaker by Singapore-based rival Broadcom. Trump said he opposed the deal because it could have been detrimental to national security.

KEEPING SCORE: The S&P 500 index climbed 16 points, or 0.6 percent, to 2,799 as of 10 a.m. Eastern time. The Dow Jones industrial average rose 173 points, or 0.7 percent, to 25,351. The Nasdaq composite added 33 points, or 0.4 percent, to 7,621. The Russell 2000 index of smaller-company stocks picked up 4 points, or 0.3 percent, to 1,605.

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