TIMOTHY A. CLARY / Getty
- US stocks advanced Wednesday after the April inflation report shows further easing of consumer price pressures.
- Headline CPI rose to 4.9%, coming in below expectations of 5%.
- The S&P 500 was on course to rise for the third time in four sessions.
US stocks rose Wednesday after the government's April inflation report showed further cooling of pricing pressures, a development that could support a decision by the Federal Reserve to pause or end its rate-hike campaign.
Stock futures turned higher after the Bureau of Labor Statistics released its report, putting the S&P 500 on track to rise for the third time in four sessions.