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Wall Street surges, Dow up 1,200 points on cooling inflation

Por: WPTV Business November 11, 2022

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NEW YORK (AP) — Wall Street surged to its best day since April 2020 as markets cheered a government report that inflation cooled more than expected last month. The S&P 500 jumped 5.5% Thursday and the Dow rose nearly 1,200 points as traders took the data as a sign the worst of inflation may have passed. Treasury yields fell dramatically as bond markets relaxed. Even bitcoin rose on hopes a slowdown in inflation could mean the Federal Reserve... + full article



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