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Wall Street closed higher amid optimism ahead of US inflation data

US stocks closed with big gains on Wednesday, supported by a jump in the Nasdaq index, amid investor optimism ahead of the US inflation report, which could pave the way for the Federal Reserve (the central bank of the US States) to slow the pace of raising interest rates.

Economists polled by Reuters had expected the highly-anticipated report, out on Thursday, to show US consumer prices rising 6.5% year-on-year in December, compared with a 7.1% rise in November.

The indices of the real estate sector and the consumer goods sector recorded the best performances of the day.

According to preliminary data, the Standard & Poor’s 500 index rose 50.06 points, or 1.28%, to close at 3,969.50 points, while the Nasdaq Composite Index rose 189.07 points, or 1.28%. 1.76%, at 10,931.70 points. The industrial index rose 263.24 points, or 0.78%, to close at 33,967.34 points.

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