S&P 500 Hits New High On Cool Inflation Data, Triggers Bullish Stock Market Upgrade

The S&P 500 index rallied to record highs Thursday, as encouraging wholesale inflation data and falling energy prices boosted sentiment on Wall Street. The session's gains triggered a bullish upgrade to the stock market outlook. The tech-heavy-Nasdaq composite climbed 0.8%, and the S&P 500 moved up 0.7% to a record close of 7,798.99. The Dow Jones Industrial Average picked up…