Dow jumps more than 500 points as stocks end higher ahead of highly-anticipated inflation data

📆 13-12-2022 02:04:00
📰 MarketWatch

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U.S. stocks closed sharply higher Monday, bouncing from last week's losses ahead of a highly-anticipated reading on inflation for November. The DJIA ended up more than 500 points, or 1.6%, according to preliminary data from FactSet.

U.S. stocks closed sharply higher Monday, bouncing from last week's losses ahead of a highly-anticipated reading on inflation for November. The Dow Jones Industrial Average DJIA, +1.58% ended up more than 500 points, or 1.6%, while the S&P 500 SPX, +1.43% gained 1.4% and the Nasdaq Composite COMP, +1.

26% advanced 1.3%, according to preliminary data from FactSet. Last week all three major benchmarks suffered losses, snapping a two-week win streak. Investors are awaiting fresh inflation data from the consumer-price index, with a CPI report scheduled to be released Tuesday morning ahead of the U.S. stock market's open.

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