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.
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.
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.
Indexes were slightly lower Thursday. Stocks dipped after posting the best day since November on Wednesday, fueled by bank earnings and tame CPI data.
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.
Dow Jones futures rose Wednesday ahead of an imminent CPI inflation report. Nvidia stock looked to end a five-day losing streak.
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.
The Dow Jones rose Tuesday on a surprise inflation report. Nvidia stock and Tesla rallied on the stock market today.
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.
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks.
Stocks closed mixed on Monday, with Big Tech names paring losses as the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week's key consumer inflation reports. The blue-chip Dow Jones Industrial Average (^DJI),