Stocks rose in New York yesterday after the release of new government data that showed inflationary pressures remain under control and despite a landmark ruling against tobacco companies.

The Dow Jones industrial average closed up 23.34 at 10,812.05, according to preliminary figures.

Blue chip stocks fell into negative territory late in the session after a Florida jury ordered the cigarette industry to pay a record $145 billion in damages to Florida smokers. But the Dow Jones index ended higher after a late wave of buying.