NEW YORK—Stocks rose on Wall Street Tuesday following more signs the nation’s punishingly high inflation may be falling off faster than expected.
The S&P 500 climbed 0.9 percent, or 34.48 points, to 3,991.73, though it went on another unsettling ride to get there. A flare-up of worries about the war in Ukraine caused a brief pullback in markets during the afternoon, forcing the S&P 500 to swing from an early gain of 1.8 percent all the way to a loss of 0.1 percent before it recovered.
The Dow Jones Industrial Average veered from a gain of 450 points to a loss of 216 before closing at 33,592.92, up 56.22 points, or 0.2 percent. The Nasdaq composite led the market with a gain of 1.4 percent, or 162.19 points, to close at 11,358.41….