Stock market today: Wall Street soars, and Dow leaps 500 points on hopes for no more rate hikes

Stock market today: Wall Street soars, and Dow leaps 500 points on hopes for no more rate hikes

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Stocks are surging Tuesday after an encouraging report on U.S. inflation sent waves of relief through Wall Street. The S&P 500 was 2% higher and near its best level in two months. The Dow Jones Industrial Average was up 510 points, or 1.5%, as of 10:30 a.m. Eastern time, and the Nasdaq composite…

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