CNBC Daily Open: U.S. Consumer Inflation Data Catalyzes Stock Rally
5 Articles
5 Articles
Better-than-expected US inflation data on Friday, October 24, sparked a rally in stocks at the end of the week, with the Dow, S&P 500 and…More...
The U.S. stock markets closed on Friday in historic highs, driven by a September inflation report that strengthened the expectations of a forthcoming cut in the interest rate by the Federal Reserve.The Dow Jones rose 1.01% to 47.207.12 units, the S&P 500 advanced 0.79% to 6,791.69 points, and the Nasdaq Composite gained 1.15%, to 23,204.87 units.With this, the three main Wall Street indices reached record closing levels.In the week, the Dow rose…
On Wall Street, the Dow Jones index jumped 2.2 percent last week, to 47,207 points, while the S&P 500 rose 1.9 percent, to 6,791 points, and the Nasdaq rose 2.3 percent, to 23,204 points.
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