Wall St rises on cool inflation, strong earnings

The Dow rose 150.91 points, or 0.29%, to 52,659.18, the S&P 500 gained 28.83 points, or 0.38%, to 7,572.42 and the Nasdaq gained 162.22 points, or 0.62%, to 26,269.23. — Reuters

NEW YORK: Wall Street stocks gained ground on Wednesday as softening inflation data and a robust beginning of second-quarter earnings season put investors in a buying mood.

All three major stock indices closed modestly higher despite weakness in semiconductors, with consumer-focused retail and travel/leisure clear outperformers.