Wall Street closes higher fueled by tech rally, soft inflation data

The "The constructive CPI report ... starts to ease pressure on policymakers further to potentially get more comfortable cutting rates next year," said Bill Merz, head of capital markets research at U.S. Bank's Asset Management Group. "We'll want to see follow-through next month to ensure there wasn't too much noise from the shutdown." The three major indexes rebounded from three-week lows. And the Russell 2000 index, tracking rate-sensitive smallcaps, also advanced. A Live Events Traders now see a 58% ch ...