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The reports are positive for the broader economy, but they make the Fed's fight against inflation more difficult because it likely means the central bank will have to keep raising interest rates in order to bring down inflation.
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Wall Street report: The S&P 500 rose 1.3% as of 2:33 p.m. Eastern. The Dow Jones Industrial Average rose 391 points, or 1.3%, to 30,580 and the Nasdaq rose 1.2%.
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The Federal Trade Commission, as well as state financial regulators, are accusing a New Hampshire-based company that sells stock tips and investment…