Stocks rose Tuesday as market participants celebrated fresh inflation data that came mostly in-line with expectations. The Dow Jones Industrial Average rose more than 240 points, while the S&P 500 Index and Nasdaq Composite added 1.1% and 1.5%, respectively.

Here's how the market settled on Tuesday:

S&P 500 Index (SPY  ): +1.12% or +57.30 points to 5,175.24

Dow Jones Industrial Average (DIA  ): +0.62% or +241.70 points to 39,011.36

Nasdaq Composite Index (QQQ  ): +1.54% or +246.36 points to 16,265.64

Moving Markets: February's Consumer Price Index (CPI) reading rose 0.4% on the month and 3.2% from a year ago, the Bureau of Labor Statistics reported Tuesday, with the annual rate coming in slightly ahead of expectations. Excluding food and energy prices from the broad measure of goods and services costs, core CPI rose 0.4% and 3.8%, respectively, both being a one-tenth of a percentage point higher than estimates.

Boeing (BA  ) shares came under pressure after the U.S. Federal Aviation Administration (FAA) reportedly found "dozens of problems" at manufacturing facilities owned by Boeing and its supplier Spirit AeroSystems (SPR  ) after a six-week probe into the production of the 737 Max jet, the New York Times reported on Tuesday.

On the Earnings Front: Oracle (ORCL  ) reported better-than-expected fiscal third quarter earnings after market close on Monday, leading to explosive share momentum on Tuesday after CEO Safra Catz said the software company is committed to reaching previously stated goals of $65 million in sales by fiscal 2026.

Catz said during the company's earnings call that Oracle has added several "large new cloud infrastructure" contracts during the quarter, and have "many more in the pipeline."

For its current quarter, Oracle forecasts for earnings of $1.62 to $1.66 per share on revenue growth between 4% and 6% over sales of $13.8 billion a year ago -- coming mostly in-line with analyst expectations.

Kohl's (KSS  ) reported a holiday-quarter net sales miss on Tuesday, declining 1.1% despote the department store retailer's earnings and revenue topping expectations. The company also gave disappointing forward guidance, expecting net sales to range from a 1% decline to 1% gain for the full year on earnings per share between $2.10 and $2.70, representing a decrease from $2.85 in the previous fiscal year.

However, market participants were encouraged by Kohl's announcement that it is opening about 200 Babies R Us shops inside its brick-and-mortar locations starting in August. The shops will range from 750 to 2,500 square feet, offering products including child furniture, clothing and other baby-focused merchandise. During the company's earnings call, CEO Tom Kingsbury said the company will expand its baby category and launch a baby registry on Kohl's website later this fall.

"It's just part of our overall campaign to get younger customers into our stores," Kingsbury told analysts.

In Single-Stocks News: Southwest Airlines (LUV  ) announced Tuesday it will cut its capacity plans and revise its near-term financial forecasts due to delivery delays from Boeing (BA  ). The carrier said Boeing told the airline it should expect 46 Boeing 737 Max 8 planes this year, down from 58; Boeing is Southwest's sole airplane supplier.

Southwest said in a filing with the U.S. Securities and Exchange Commission (SEC) that it is "reevaluating all prior full year 2024 guidance, including the expectation for capital spending."

For Wednesday: Market participants will be given a breather on the economic front, focusing instead on upcoming producer price index and U.S. retail sales data for February due out on Thursday. Key earnings reports for Wednesday include Dollar Tree (DLTR  ), Williams-Sonoma (WSM  ) and Petco Health and Wellness (WOOF  ).