Stocks open sharply higher as Wall Street gets relief from softer-than-expected core CPI inflation data
U.S. stocks were surging on Wednesday morning as Treasury yields fell after core inflation data came in below expectations, boosting bets that the Federal Reserve will still be able to cut interest rates this year.
Wall Street soars on record bank profits and cooling inflation
New York (CNN) — US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks. The Dow surged 703 points, or 1.65%, to close at 43,222. The S&P 500 rose 1.83% and the tech-heavy Nasdaq Composite ended the day higher by 2.45%.
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Wall Street finally has something to celebrate after starting the new year on a dour note. Wednesday’s sharp rally in the U.S. stock market triggered a sudden slide in Wall Street’s “fear gauge,” ...
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"I think for a lot of people, predicting the negative has been painful," Lazard's Ron Temple said.
Global market focus on Wednesday is on the U.S. consumer inflation index, which will be out at 8:30 a.m. ET. Economists ...
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