Reported about 10 hours ago
US stocks saw significant gains on Friday as the Dow Jones soared over 500 points, buoyed by a lower-than-expected Consumer Price Index (CPI) report, indicating cooling inflation and reinforcing expectations of an impending Federal Reserve interest rate cut. Investors were optimistic, with forecasts indicating a 99% likelihood of a rate cut next week. Additionally, notable stock movements included Ford surging 9% following strong earnings, while Intel’s shares also rallied after exceeding revenue estimates.
Source: YAHOO