Wall Street Stocks Rose Sharply Thursday
(Reuters) - U.S. stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year. The Labor Department’s consumer price index increased 0.2 percent in April, less than economists’ expectations, as rising costs for gasoline and rental accommodation were tempered by a moderation in healthcare prices.