December 12, 2023 - 1:06 PM
NEW YORK (AP) — Wall Street rose to its highest level since early 2022, just a bit below its record high, after a report showed inflation in the United States is behaving pretty much as expected. The S&P 500 climbed 0.5% Tuesday. The Dow rose 0.5%, and the Nasdaq composite added 0.7%. Treasury yields were mixed after the November update on inflation roughly matched economists’ expectations.