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S&P 500 headed for record high as inflation seems temporary


(For a live blog on the U.S. stock market, click or type LIVE/ in a news window.)
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Indexes up: Dow 0.37%, S&P 0.59%, Nasdaq 0.78% (Updates to late afternoon; changes dateline, byline)
June 10 (Reuters) - Wall Street stocks rose on Thursday, with the S&P 500 on course to hit an all-time closing high, as the much-anticipated consumer price index report signaled that the current inflation wave will be transitory.
All three major U.S. stock indexes were higher, with market-leading megacap stocks putting the Nasdaq out front. But economically sensitive transports and smallcaps were in negative territory. ....

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