US stocks rise to a record as oil prices drop and inflation gets less bad
NEW YORK (AP) — The U.S. stock market rose to an all-time high Thursday following the latest sign that inflation is getting less bad. Stocks also got a lift from easing oil prices in their latest yo-yo move. The S&P 500 climbed 0.7% and topped its prior record set last week. The Dow Jones Industrial Average added 69 points, or 0.1%, and the Nasdaq composite gained 0.8%. Wall Street relaxed after a report showed prices at the U.S. wholesale level were 4.7% higher last month than a year earlier. While that's more painful than anyone would like, it's not as bad as June's 5.5% ...