Wall Street rises as in-line inflation data calms nerves; Dow up 180 points

The S&P 500 was up 26.46 points, or 0.56%, at 4,739.53 and the Nasdaq Composite was up 109.59 points, or 0.72%, at 15,263.04

US stock indexes rose on Wednesday after consumer prices data that largely met expectations eased some concerns about faster-than-expected interest rate hikes, with big technology stocks offering the biggest boost.
 
Data from the Labor Department showed its consumer price index increased 0.5% last month after rising 0.8% in November, while in the 12 months through December, the CPI surged 7.0% to its highest year-on-year rise in nearly four decades.
 
Economists polled by Reuters had forecast the CPI gaining 0.4% in December and shooting up 7.0% on a year-on-year basis.
 
"I don't see this disturbing the markets because