News Snapshot:
NEW YORK (AP) — Stocks are opening higher after a cooler reading on inflation bolstered Wall Street’s expectations for the Federal Reserve to hold off on raising interest rates again this week. The S&P 500 was 0.4% higher in early trading Tuesday, pushing further into heights it hasn’t touched since April 2022. The Dow edged up 50 points, or 0.1%, and the Nasdaq composite rose 0.7%. Stocks have been on a roll amid hopes the economy can avoid a severe recession and inflation will ease. Yields fell in the bond market as traders amped up bets for the Fed to...
