US stocks up despite higher inflation, Dow +1.0%, Nasdaq +1.8%

New York (AFP) – Wall Street stocks finished solidly higher Wednesday, rising for a fourth straight session, after weak retail sales data offset investors concerns over a jump in inflation.

At the closing bell, the Dow Jones Industrial Average was at 24,897.41, up 1.0 percent.

The broad-based S&P 500 gained 1.4 percent to end the session at 2,698.96, while the tech-rich Nasdaq Composite Index jumped 1.8 percent to 7,142.34.

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