Wall Street advances, S&P 500 above 4,000 points after data

US stock indices rallied on Tuesday following a spate of positive data. 

US producer prices rose 0.2% in October, below estimates of a 0.4% increase.

Core producer prices stabilized at a 0.3% increase without change from the previous reading. 

Such data indicates that inflation is indeed waning down, which is the very thing the Federal Reserve was waiting for.

The G20 Summit in Indonesia is carrying along with many heads of states participating in discussions, including heads of the US and Chinese governments to discuss energy, trade, the Ukrainian crisis and other topics. 

Dow Jones rose 1.1%, or 380 points to 33,916, while S&P 400 added 1.7%, or 66 points to 4,023, as NASDAQ spiked 2.5%, or 275 points to 11,460.