Reported about 14 hours ago
US stocks saw gains on Friday, with the Dow Jones rising over 1% and key indices like the S&P 500 and Nasdaq also posting significant increases. This surge followed the release of inflation data for September, which revealed a cooler-than-expected CPI of 3%, bolstering investor confidence in anticipated rate cuts by the Federal Reserve. The report was the first major economic update since the government shutdown, and with 99% of investors betting on a quarter-point reduction next week, market sentiment remained buoyant despite ongoing uncertainties in trade negotiations.
Source: YAHOO