S&P 500, Dow, NASDAQ Hit Record Highs
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The report was the first major economic release since the shutdown began, giving investors a long-awaited pulse check on the economy. The CPI data did little to shake the near-una
IBM and Advanced Micro Devices created tailwinds for the main indexes after scoring a major quantum-computing win.
The delayed Consumer Price Index showed prices rose 3% in September. Follow along for live updates on the CPI report and how the Dow, Nasdaq and S&P 500 react.
Dow hits record high as U.S. stocks soar. Investors cheered a lighter-than-expected inflation report. The Dow Jones climbed 400 points. The S&P 500 and Nasdaq also posted strong gains. Technology and semiconductor stocks led the rally.
Shares of Dow Inc. jumped 12.95% to $24.51 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.58% to 6,738.44 and the Dow Jones Industrial Average rising 0.
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Stocks rally and Dow closes above 47,000 for first time after cooler-than-expected inflation report
Better-than-expected inflation data Friday morning sparked an end-of-week rally in stocks, sending the Dow, S&P 500 and tech-heavy Nasdaq Composite soaring to fresh record highs.
Dow, S&P, Nasdaq all in red. Stocks fell Wednesday as weak earnings from Texas Instruments (-4%) and Netflix (-9%) weighed on the major averages. Dow dropped 147 points (0.3%), S&P 500 fell 0.4%, Nasdaq slid 0.
The U.S. stock market was broadly rallying as investors weighed fresh data on inflation from the consumer-price index (CPI).
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Also, IBD MarketSurge Growth 250 name Newmont NEM trimmed larger morning losses to roughly 4% despite the gold miner's third-quarter earnings and sales that beat views. Its profit grew 111% to $1.71 per share on sales that grew 20% to $5.524 billion.
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