U.S. stocks rallied with the Nasdaq, S&P 500, and Dow posting strong gains. Inflation data met expectations, fueling hopes of a Fed rate cut while airline and semiconductor stocks led sector advances.

A cross stands in Arroyo Grande in memory of 15-year-old Elyse Pahler, who was murdered in 1995. Royce Casey and Jacob Delashumutt were two of the three teens convicted in her killing. Being found ...

The S&P 500 rose 0.6% and was on track to top its all-time high set two weeks ago. The Dow Jones Industrial Average was up ...