Dow closes 300 points higher as key consumer-inflation report looms
(Image by Sergei Tokmakov Terms.Law from Pixabay)
(CNBC) -- U.S. stocks rose Tuesday, after the major averages snapped a three-day decline, as traders awaited key inflation data slated for release later in the week.
The Dow Jones Industrial Average advanced 316 points, or 0.9%. The S&P 500 traded higher by about 0.7%, while the Nasdaq Composite gained 0.5%.
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Salesforce's stock rose nearly 4% after the company announced it would increase prices across the board in August. Activision Blizzard’s shares jumped 10% after a federal judge denied the Federal Trade Commission’s request for a preliminary injunction to stop Microsoft’s acquisition of the video game company. The decision meant that the two companies were closer to completing their deal.
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