NEW YORK—Stocks climbed Tuesday as Wall Street prepared for an upcoming update on inflation that will hopefully show a smaller increase in pain for everyone.
The S&P 500 rose 29.73, or 0.7 percent, to 4,439.26. The Dow Jones Industrial Average gained 317.02 points, or 0.9 percent, to 34,261.42, and the Nasdaq composite added 75.22, or 0.5 percent, to 13,760.70.
Activision Blizzard jumped 10 percent for one of the market’s larger gains after a judge ruled Microsoft could move forward on its $69 billion takeover of the video game maker. Salesforce was the biggest force driving the Dow after climbing 3.9 percent on price increases announced for its products. Amazon also pushed the market upward and rose 1.3 percent on the first day of its annual Prime Day sales event….