US stocks cheer PPI data.US stocks rose across the board on Tuesday as investors took in the first of two key inflation reports this week, which showed prices rose less than expected in December. Also in focus was a report that the incoming Trump administration could hike tariffs more gradually to ease inflationary pressures. The benchmark S&P 500 (^GSPC) moved up roughly 0.4%, while the tech-heavy Nasdaq Composite (^IXIC) put on 0.6%, both set to bounce back from Monday's losses. Meanwhile, the Dow Jones Industrial Average (^DJI) added 0.4% on the heels of a winning day for the blue-chip index.
The Producer Price Index, which tracks price changes companies see at a wholesale level, rose 3.3% over last year, up from 3% in November but less than economists expected. It rose 0.2% over the previous month, also less than expected. The report lays the groundwork for Wednesday's heavily anticipated consumer inflation print.