Dow, S&P 500 head for 3rd straight session of gains in afternoon trading

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U.S. stocks remained sharply higher in Wednesday’s afternoon trading in New York, with all three major indexes on course for their best CPI-release day since at least November 2023.

The Dow Jones Industrial Average was up 617 points, or 1.5%, at around 43,135.

The S&P 500 was up 89 points, or 1.5%, at around 5,932.

The Nasdaq Composite was up 380 points, or 2%, at around 19,425.