Stocks Climb on Inflation Data

Stocks swung between gains and losses Wednesday after fresh data showed inflation eased slightly in April but not as much as economists expected.

The S&P 500 rose 0.4% in morning trading. The index snapped a three-day losing streak Tuesday, hitting pause on a stretch of pressure that came as investors braced for the Federal Reserve to keep raising interest rates to curb decades-high inflation.

The Dow Jones Industrial Average added 0.6%, while the technology-focused Nasdaq Composite was down…

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