India, Sept. 30 -- US stocks moved higher on Wednesday, September 30, as cooler-than-expected inflation data lifted investor sentiment. The gains came on the final trading day of September, with investors reacting to fresh US economic data showing that inflation slowed in August.

The Dow Jones Industrial Average rose 84 points, or nearly 0.2%. The S&P 500 gained 0.6%, while the Nasdaq Composite climbed about 1%, according to CNBC. The main trigger for the market move was the latest Personal Consumption Expenditures (PCE) price index report. PCE is closely watched by the Federal Reserve as a measure of inflation.

Headline PCE inflation rose 3.4% year over year in August, down from 3.7% in July. Economists surveyed by Dow Jones had expect...