US Stocks Surge as Inflation Cools and Fed Rate Cuts Eyed

US indices rallied after CPI inflation cooled to 3.0%, raising hopes for December rate cuts. The Dow rose 400 points, while Intel and Nvidia led tech gains.

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55 days ago

US Stocks Surge as Inflation Cools and Fed Rate Cuts Eyed

US stock markets rallied sharply overnight after CPI inflation came in lower than expected at 3.0% YoY versus 3.1% forecast, fueling hopes of rate cuts by December. The Dow Jones gained over 400 points, while the Nasdaq jumped 1%, led by strong earnings from Intel and Nvidia. The S&P 500 rose 0.8%, marking its third consecutive weekly gain. Analysts said easing inflation data, paired with robust corporate results, strengthened expectations for a dovish pivot by the Federal Reserve.
Companies:
  • Intel
  • Nvidia
Tags:
  • US markets
  • Dow Jones