U.S. stocks and gold prices rose Thursday after data showed U.S. producer prices unexpectedly fell in March, adding to optimism that inflation is easing.
The S&P 500 gained 54.27 points, or 1.3%, to 4146.22, while the Dow Jones Industrial Average rose 383.19 points, or 1.1%, to 34029.69. The tech-heavy Nasdaq Composite rose 236.93 points, or 2%, to 12166.27.
Of the 11 sectors in the S&P 500, 10 finished in the green. Only the real-estate sector declined.
Read more here: Nasdaq Jumps 2% After More Inflation Data