Reported about 6 hours ago
US stock markets soared on Wednesday, with the Dow Jones climbing over 700 points and the Nasdaq rising 2.5%, after a key Consumer Price Index report signaled slower-than-expected inflation growth in December. The reported 0.2% monthly increase in core CPI raised hopes for potential Federal Reserve interest rate cuts in 2025, while strong performances from major banks also propelled market optimism.
Source: YAHOO