Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Powell discussed the economic outlook, inflation and the labor market.Drew Angerer/Getty Images US stocks rose on Thursday, with the S&P 500 and Nasdaq Composite closing at highs for 2023. Thursday's producer price index further established the disinflation narrative after Wednesday's cooler CPI.