Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
The Dow Jones Industrial Average (DJIA) climbed around 750 points at its peak on Wednesday, pushing into the bullish side to pass back through the 43,000 handle before getting hung up on the 50-day Exponential Moving Average (EMA). Equity markets are tilting firmly into the bullish camp after a key core inflation gauge ticked slightly lower.
The Dow Jones Industrial Average (DJIA) added over a full percentage point in value on Friday, climbing around 500 points and vaulting back over 43,500 as market expectations for further rate cuts increased.
Dow Jones futures rose Tuesday on a surprise inflation report. Nvidia stock and Tesla rallied on the stock market today.
The stock market wrapped up its best week since early November as Wall Street breathed a sigh of relief in the wake of the latest inflation data. The Dow Jones Industrial Average gained 334 points, or 0.
U.S. stocks traded sharply higher in Wednesday's final hour of trading, with the Dow Jones Industrial Average and S&P 500 headed for a third consecutive session of gains after December's CPI data sparked a relief rally.
Wall Street analyzed the cooler-than-expected producer price index for December on Tuesday and looked ahead to the consumer price index report on Wednesday.
A softer-than-expected December inflation report and strong earnings from the nation's major U.S. banks Wednesday boosted investors' confidence as stocks surged. The S&P 500 and Nasdaq Composite likewise added 1.7% and 2.3%, respectively, while the Dow Jones Industrial Average rose 725 points, or 1.7 percent.
Most U.S. stocks rose following an encouraging update on inflation, but drops for Eli Lilly and some other influential stocks kept indexes in check
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.
S&P 500 futures are up 0.1%. Dow Jones Industrial Average futures are adding 0.1%. Nasdaq 100 futures are gaining 0.2%. On Tuesday, the Dow Jones Industrial Average rose 221 points, or 0.52%, to 42,518,
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks.