U.S. stocks start Tuesday at 2-month highs after latest sign of easing inflation

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U.S. stocks opened higher Tuesday, after a report on wholesale price inflation pointed to signs of pressures easing. The Dow Jones Industrial Average DJIA, +0.75% gained 0.9% soon after the opening bell, while the S&P 500 SPX, +1.39% rose 1.6% and the Nasdaq Composite COMP, +2.27% climbed 2.5%, according to FactSet data, at last check. The producer-price index, which measures wholesale prices in the U.S., rose just 0.2% in October. That was softer than anticipated, with economists polled by The Wall Street Journal having forecast a 0.4% gain.

This article was originally published by Marketwatch.com. Read the original article here.

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