The stock market snapped its three-day skid after the Federal Reserve’s preferred inflation gauge met expectations.
The Dow Jones Industrial Average rose 300 points, or 0.7%. The S&P 500 gained 0.6%. The Nasdaq Composite was up 0.4%.
Wall Street piled into pretty much everything but consumer staples. The vast majority of stocks in the S&P 500 rose on the day.
