Reported about 16 hours ago
U.S. stock markets saw significant gains on Wednesday, fueled by encouraging bank earnings and a lower-than-expected consumer inflation report for December. The S&P 500 rose 1.6%, the Dow Jones jumped over 1.5%, and the Nasdaq soared 2.2%. The Consumer Price Index indicated a slower pace of price growth, recording a 3.2% annual increase for core CPI, the lowest since July. Bank profits also exceeded expectations, with firms like JPMorgan achieving record earnings, further buoying investor sentiment.
Source: YAHOO