How major US stock indexes fared Tuesday, 12/12/2023

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. Traders still expect the Federal Reserve to stand pat on interest rates when it announces its next move Wednesday afternoon. The report did cast some doubt on when rates may come down.