Wall Street surges on softer-than-expected producer inflation, PayPal climbs 13.58%

US stock indices rose on Wednesday, driven by softer-than-expected producer inflation data and a flurry of corporate earnings. The Dow Jones gained 0.18%, the S&P 500 rose 0.37%, and the Nasdaq Composite advanced 0.59%. PayPal shares surged 13.58% on reports of a $53 billion takeover offer.