Stock market today: Dow jumps 700 points, Nasdaq soars 2.5% after cool CPI reading
The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or over 700 points. Meanwhile, the tech-heavy Nasdaq Composite ( ^IXIC) soared 2.5%.
December CPI A Relief, Stocks Soar, Yields Fall
CPI was softer than expected, with headline CPI up 0.4% and core CPI up 0.2%, leading to YoY rates of 2.9% and 3.3%, respectively. Read what investors need to know.
Bond yields dip, stocks mostly fall with CPI, earnings ahead
U.S. Treasury yields dipped on Tuesday after data showed U.S. producer prices rose less than expected in December, and stock indexes mostly fell as investors remained cautious ahead of U.S. consumer price data on Wednesday and the start of quarterly earnings reports.
Stock market today: Dow soars 634 points and yields fall after cool CPI and strong bank earnings
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
Dow, S&P 500, Nasdaq rally on more signs of cooling inflation and strong bank earnings
US stocks jumped at the open after consumer price data showed inflation continues to slow. Strong bank earnings also helped lift sentiment.
The Dow soars 700 points as inflation cools and bank earnings slay
The Dow surged 700 points after the latest core inflation report indicated a slowdown, bolstered further by strong banking earnings.
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Why stocks and bonds are on a tear today
The Dow jumped 700 points and the Nasdaq gained more than 2% as investors cheered encouraging inflation data and a strong ...
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Bitcoin correlation with Nasdaq soars as CPI fears intensify
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Stock futures, bonds take off after cooler-than-expected core CPI data
U.S. stock index futures and bonds rocketed higher on Wednesday, after a key inflation reading came in softer than expected, ...