U.S. stocks ended higher on Tuesday as a softer-than-expected inflation report rekindled hopes that monetary policy would stabilize.
The Dow Jones Industrial Average rose 0.02 percent to 52,508.27. The S and P 500 added 0.38 percent to 7,543.59. The Nasdaq Composite Index increased 0.9 percent to 26,107.01.
Six of the 11 primary S and P 500 sectors ended in the green, with technology and communication services leading the gainers by going up 1.25 percent and 1.13 percent, respectively. Health and consumer staples led the laggards, falling 1.91 percent and 1.38 percent, respectively.
U.S. stocks rally as cooling CPI defuses rate fears
The U.S. dollar fell in late trading on Tuesday.
The dollar index, which measures the greenback against six major peers, dropped 0.31 percent to 100.919 at 15:00. (1900 GMT).
In late New York trading, the euro climbed to 1.1423 dollars from 1.1387 dollars in the previous session, and the British pound was up to 1.3382 dollars from 1.3360 dollars in the previous session.
The U.S. dollar bought 162.20 Japanese yen, lower than 162.36 Japanese yen of the previous session. The U.S. dollar was down to 0.8092 Swiss francs from 0.8141 Swiss francs, and it dropped to 1.4067 Canadian dollars from 1.4151 Canadian dollars. The U.S. dollar declined to 9.6586 Swedish kronor from 9.7079 Swedish kronor.
U.S. dollar ticks down
