Mumbai, June 13 -- The S&P 500 ended the day up 23.02 points (0.4%) at 6,045.26, the Dow climbed 101.85 points (0.2%) to 42,967.62 and the Nasdaq rose 46.61 points (0.2%) to 19,662.48.

The Labor Department said its producer price index for final demand inched up by 0.1% after slipping by a revised 0.2% in April. The report said the annual rate of growth by producer prices accelerated to 2.6% in May from 2.5% in April.

Inflation data has come in lower than expected for the second consecutive day, giving the Federal Reserve room to remain patient. According to Chris Zaccarelli of Northlight Asset Management, this allows the Fed to observe how upcoming tariffs and trade talks may affect price stability. Stocks dipped earlier in the day as ...