Stocks Climb on Mild Inflation Data

Major indexes touched three-month highs after a consumer inflation report came in close to expectations. Crude futures fell near two-month lows

Another day, another market rally fueled by mild inflation numbers. Stocks finished broadly higher Wednesday for a second straight session, with major indexes reclaiming their May heights as reports on consumer inflation and the housing market provided further signs of a slowing economy. Still, it remains uncertain whether the Federal Reserve will have to raise interest rates again this year, says Standard & Poor's Equity Research.

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