Stock Market Today: Stocks Gain Ground as Dow, S&P 500 Hit New Highs

Traders shrugged off a higher-than-expected reading on inflation to power two of the three major indices to record closes.

Concept art of a stock chart
(Image credit: Getty Images)

Stocks climbed higher today, even as this morning's producer price index (PPI) showed the threat of rising inflation is all too real.

A report from the U.S. Labor Department indicated producer prices rose 1.0% in March, up from 0.5% in February. On a yearly basis, wholesale inflation jumped to 4.2% – its highest reading since September 2011.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.