Stock Market Today: Stocks Keep Climbing After Latest Inflation Data

While the main indexes gained ground on a welcome producer price index report, Target surged after disclosing an unexpected Q3 profit.

closeup of black stock chart with red and green bars
(Image credit: Getty Images)

Another encouraging reading on inflation and some bad-news-is-good-news retail sales data helped stocks open higher Wednesday, with the main indexes building on Tuesday's blowout gains. 

The economic reports are just the latest to confirm that the Federal Reserve's aggressive interest rate hikes are doing what is needed to slow the economy and bring inflation down. 

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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.