Stocks Soar On Wall Street

3 weeks ago The U.S. stock market is rallying toward records after data suggested inflation across the country was a touch better last month than economists expected. The S&P 500 rose 0.8% Tuesday and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average added 466 points, while the Nasdaq composite climbed 0.9% and was also heading toward a record. Stocks got a lift from hopes that the better-than-expected inflation report will give the Federal Reserve leeway to cut interest rates at its next meeting in September. Lower rates can give the economy and investment prices a boost.