Stocks are rising on a benign inflation report, with the S&P 500 readying for its 16th record close for the year and the 19th for the Nasdaq.
The Dow has gained 442 points, or more than 1%, and after a brief move lower both the S&P 500 and Nasdaq Composite are now rising again, up 0.5% each and on pace to clinch new records at the close.
Fueling the Nasdaq are chip stocks. Broadcom is up 0.6%, while Texas Instruments is up 4.3% today. ASML Holding is up 1.3%.