Health

US Stocks Advance as CPI Report Buoys Trader Bets on Rate Cuts

By Bloomberg News

Copyright financialpost

US Stocks Advance as CPI Report Buoys Trader Bets on Rate Cuts

The S&P 500 Index gained 0.8% at 12:56 p.m. in New York, led by the health care and materials sectors. The gauge is headed for a fourth day of gains, its longest winning streak since July. The blue-chip Dow Jones Industrial Average advanced 1.3%, led by gains in UnitedHealth Group Inc. and Sherwin-Williams Co. The tech-heavy Nasdaq 100 Index rose 0.6%.