Stocks Climb as Inflation Data Leaves Investors Unshaken

US stock indexes climbed and government-bond yields declined on Tuesday as investors turned optimistic that inflation — which rose at the fastest annual pace in four decades in March — could be reaching a peak.

The S&P 500 rose 0.4%, the Dow Jones Industrial Average edged up 0.3% and the technology-heavy Nasdaq Composite gained 0.7%. The gains marked a course reversal from Monday when major indices retreated, with the benchmark S&P 500 losing 1.7%.