U.S. stocks advanced as another decline in oil prices and tepid economic data eased concerns about inflation. The Dow Jones Industrial Average rose 160.24 points, or 0.30%, to 53577.40. The S&P 500 gained 24.42 points, or 0.32%, to 7677.28, while the tech-heavy Nasdaq Composite added 171.11 points, or 0.66%, to 26151.30.