US stock market news: Dow Jones, S&P 500, Nasdaq rise up to 2% as inflation data feeds Fed pause hopes
The Dow Jones Industrial Average (.DJI) rose 383.19 points, or 1.14 per cent, to 34,029.69; the S&P 500 (.SPX) gained 54.27 points, or 1.33 per cent, at 4,146.22; and the Nasdaq Composite (.IXIC) added 236.94 points, or 1.99 per cent, at 12,166.27.
The S&P 500 posted 12 new 52-week highs and one new low; the Nasdaq Composite recorded 69 new highs and 140 new lows - Image Source: Reuters