S&P 500, Dow rally to higher close as inflation data feeds Fed pause hopes

S&P 500, Dow rally to higher close as inflation data feeds Fed pause hopes https://ift.tt/fvGHJ72 three major U.S. stock indexes surged more than 1%, with interest rate sensitive megacaps including Apple Inc , Microsoft Corp and Amazon.com providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month.