May 10, 2018 / 8:07 PM / 5 months ago

US STOCKS SNAPSHOT-Wall St rises on easing inflation concerns

NEW YORK, May 10 (Reuters) - Wall Street jumped on Thursday, and Apple Inc <AAPL.O > inched closer to a $1 trillion stock market value, as tepid inflation data eased worries of faster interest rate hikes this year.

The Dow Jones Industrial Average rose 196.75 points, or 0.8 percent, to 24,739.29, the S&P 500 gained 25.25 points, or 0.94 percent, to 2,723.04, and the Nasdaq Composite added 65.07 points, or 0.89 percent, to 7,404.98. (Reporting by Noel Randewich Editing by Leslie Adler)

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