Stocks surged on Wednesday after the latest consumer price index report showed core inflation unexpectedly slowed in December.
Dow Jones futures rose Wednesday ahead of an imminent CPI inflation report. Nvidia stock looked to end a five-day losing streak.
Dow Jones futures rose Tuesday on a surprise inflation report. Nvidia stock and Tesla rallied on the stock market today.
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.
The stock market's premium valuation may be the biggest headwind standing in the way of Donald Trump overseeing another bull market run. There's a crystal-clear correlation between time and wealth creation on Wall Street.
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 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.
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.
The 10-year Treasury yield ( ^TNX) added to recent gains to touch a 14-month high, trading around 4.8% as US bonds sold off. Meanwhile, the dollar ( DX-Y.NYB) surged to a two-year high against major currency peers, with the UK pound ( GBPUSD=X ), in particular, coming under pressure.
US stocks surged on Wednesday, fueled by a slowdown in core inflation and better-than-expected earnings from major banks.
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.