Stocks Climb on Solid Data as Global Tensions Cool: Markets Wrap

The cooling of geopolitical tensions, a rally in big tech and solid economic data fueled gains in stocks, with the market remaining higher after an in-line inflation report. Short-dated bonds fell.

Megacaps led equities higher as comments from Nvidia Corp.’s Jensen Huang bolstered the artificial-intelligence trade. Small firms beat the S&P 500 for a 14th straight session. JPMorgan Chase & Co. pared gains as Donald Trump sued the lender and its head Jamie Dimon over alleged debanking. In late hours, Intel Corp. gave a tepid forecast.