Reported about 5 hours ago
U.S. stock markets surged on Wednesday, buoyed by better-than-expected bank earnings and a consumer inflation report indicating slower price growth in December. The S&P 500 rose over 1.6%, the Dow Jones climbed more than 1.5%, and the Nasdaq jumped around 2.2%. The Consumer Price Index showed a core inflation increase of 0.2% month-on-month, down from 0.3% in November, marking the first deceleration since July. Major banks like JPMorgan Chase and Goldman Sachs reported record profits, further instilling confidence in the market.
Source: YAHOO