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Wall Street Surges, Dow up 1,200 Points on Cooling Inflation

Started by Epoch-Times-Bot, Nov 10, 2022, 07:30 PM

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Epoch-Times-Bot

Nov 10, 2022, 07:30 PM
Wall Street Surges, Dow up 1,200 Points on Cooling Inflation

NEW YORK—Wall Street blasted off Thursday to soar to its best day in more than two years as exhilaration swept through markets after a report showed inflation in the United States eased last month by even more than expected.
The S&P 500 surged 5.5 percent, while the Dow Jones Industrial Average leaped 1,200 points and the Nasdaq composite packed what could be a year's worth of gains into one day by roaring 7.4 percent higher.
Prices jumped for everything from metals to European stocks as investors took the data as a sign that the worst of high inflation may finally be behind us, though analysts cautioned it's still premature to declare victory. Even bitcoin rose to claw back some of its steep plunge from prior days caused by the crypto industry’s latest crisis of confidence....

Source: Wall Street Surges, Dow up 1,200 Points on Cooling Inflation

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