U.S. stocks closed higher on Tuesday following reports that indicate the Fed will pull back on its recent rate hikes moving forward, and PPI data that was more positive than expected. The Dow Jones ended up 0.17%, the S&P 500 jumped 0.87%, to 3,991.73, and the Nasdaq grew 1.45%. Ross Mayfield, investment strategy analyst at Baird, joined Cheddar News' Closing Bell to discuss.