U.S. stocks rise as oil falls and economic data cool inflation concerns

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.