Stocks closed higher on Wall Street as investors wait for updates on inflation and corporate profits.
The S&P 500 rose 0.7 percent Tuesday after another quiet day of trading. The Dow rose 316 points, or 0.9 percent, and the Nasdaq composite rose 0.6 percent. The week’s main event arrives Wednesday when the government offers the latest update on inflation in consumer prices.
The hope on Wall Street is that a continued easing in inflation will convince the Federal Reserve to stop raising interest rates. Activision Blizzard jumped 10 percent after a judge ruled Microsoft could move forward on its takeover of the video game maker….