Wall Street advance after data on easing inflation

Wall Street’s main indexes opened sharply higher on Tuesday after data on inflation declining more than expected led to increased bets that the Federal Reserve (the US central bank) had finished raising interest rates.

According to Reuters, the Dow Jones Industrial Average rose 243.33 points, or 0.71%, to 34,581.20 points.

The Standard & Poor’s 500 index rose 47.42 points, or 1.07 percent, to 4,458.97 points.

The Nasdaq Composite Index gained 247.63 points, or 1.80%, to 14,015.37 points.