S&P hits record high as stocks rise on inflation data

The S&P 500 scale roseate to a grounds precocious Tuesday arsenic July ostentation information raised Wall Street’s hopes for complaint cuts. The S&P 500 closed 1.1 percent higher, rising much than 70 points to adjacent astatine a grounds precocious of 6,445.8. The Dow Jones Industrial Average and Nasdaq composite besides rallied by 1.1 percent and…