Dow rises despite higher August CPI data
U.S. stocks climbed on Thursday, with the Dow Jones Industrial Average up more than 170 points, while Treasury yields declined after the latest consumer inflation data. Summary Dow Jones Industrial Average gained 170 points and S&P 500 added 0.3%. Wall Street remained bullish despite consumer price index data coming in hotter-than-expected on Thursday. Overall expectation is that the CPI report will not impact anticipated Federal Reserve interest rate cut. Stocks continued higher on Sept. 11 as Wall Street weighed the consumer price index for August, with the inflation data showing consumer prices rose 0.4%. Despite the inflation outlook, the Dow…