14 Feb 2018

Wall St. climbs, uncowed by inflation

(Reuters) – Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple.

The Dow Jones Industrial Average .DJI rose 254.38 points, or 1.03 percent, to 24,893.83, the S&P 500 .SPX gained 35.72 points, or 1.34 percent, to 2,698.65 and the Nasdaq Composite .IXIC added 130.11 points, or 1.86 percent, to 7,143.62.

Reporting by Noel Randewich; Editing by James Dalgleish

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