U.S. stocks surged at the open Thursday, with the Dow Jones Industrial Average jumping 900 points, after a highly-anticipated inflation report came in softer than anticipated. The Dow DJIA, +2.80% was up 2.8% soon after the opening bell, while the S&P 500 SPX, +4.25% jumped 3.7% and the Nasdaq Composite COMP, +5.79% soared 5.1%, according to FactSet data, at last check. The U.S. Bureau of Labor Statistics said Thursday that inflation measured by the consumer price index rose 0.
4% in October for an annual rate of 7.7%. That's down from 9.1% in June. Economists polled by The Wall Street Journal had forecast that the pace of inflation last month rose 0.6%. Core inflation, which excludes energy and food prices, increased 0.3% in October for a rate of 6.3% in the past year. Treasury yields sank amid signs of inflation cooling, with the yield on the 10-year Treasury note down 24 basis points at 3.91% and two-year yields dropping 26 basis points to around 4.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Oh lol
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Jones (DJI) Soars, FTSE Indecisive while US Stocks Head HigherFTSE faces psychological resistance after being rejected by support. US stock indices lead gains as equity futures shoot higher. Dow Jones (DJIA) rally gains traction as the DXY (US Dollar Index) falls.
Source: DailyFX - 🏆 305. / 63 Read more »
Stock Market Today: Bitcoin Sells Off; Dow Futures DeclineCrypto losses deepened over fears that liquidity challenges at exchange FTX could spread. Bitcoin is near its lowest level in two years. $AURI is another great stock. It's an amazing new stock. You'll miss it if it goes up in price.
Source: WSJ - 🏆 98. / 63 Read more »
STOCK MARKET NEWS: Disney Dow drag, election limbo dings stocks, Meta layoffs announcedStock market in limbo as control of House & Senate still being determined and ahead of big inflation report. Meta latest tech giant to slash workers, Disney disappoints. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Wake up Varney! Trump leads the Party. If DeSantis doesn’t team up with Trump for 1 term, I can tell you now, the GOP is finished. The US is finished. Socialism abounds. Too many fractures if they don’t team up. And one more thing. Florida has VOTER ID! The difference is clear. SandraSmithFox has zero clue. America has now chosen inflation, crime, open border and war on oil. Stop complaining or back National Voter iD.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Stock Market Today: Dow Slides 650 Points as Investors Await Election Results, Inflation DataThe Dow fell more than 600 points as contagion worries in crypto markets and uncertainty around election results alarmed investors Bad crypto lol This is why we need to readdress voting systems in many states. This uncertainty not only hurts the market but also people faith in elections. reformthevote No it’s the certainty of the election that’s worrying them.
Source: WSJ - 🏆 98. / 63 Read more »