Published 1 year ago

Dow ends 1,200 points higher, stocks past best day since 2020 after inflation hints at slowing

Summary by Reuters

The S&P 500 (.SPX) and Nasdaq (.IXIC) jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes.

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Times of India

US stocks roar higher after inflation data; Dow rallies 900 points

The Dow Jones Industrial Average jumped 908 points, or 2.8%. The S&P 500 jumped 3.6%, while the Nasdaq surged more than 4.9%.

1 year ago·India

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Reuters

Wall Street ends sharply higher on sign of cooling inflation

The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains in over 2-1/2 years as a sign of slowing inflation in October sparked speculation the Federal Reserve might become less aggressive with interest rate hikes.

1 year ago·United Kingdom

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The Washington Post

Wall Street surges, Dow up 1,200 points on cooling inflation

Wall Street surged to its best day since April 2020 as markets cheered a government report that inflation cooled more than expected last month

1 year ago

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CNBC

Dow soars 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report

Stocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked.

1 year ago·United States

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Star Advertiser

Wall Street surges, Dow up 1,200 points on cooling inflation

UPDATE: 11:08 a.m.

1 year ago·Honolulu, United States

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Star Tribune

Wall Street surges, Dow up 1,200 points on cooling inflation

Wall Street blasted off Thursday to soar to its best day in more than two years as exhilaration swept through markets after a report showed inflation in the United States eased last month by even more than expected.

1 year ago·Minneapolis, United States

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