From Yahoo Finance: 2024-06-12 13:12:10

Stocks surged today after a mixed bag of economic data was released. The Consumer Price Index (CPI) came in higher than expected, fueling concerns about inflation. However, the market reacted positively as investors speculated that the Federal Reserve may delay tapering its bond-buying program. The Dow Jones Industrial Average jumped 534 points, or 3.05%, while the S&P 500 climbed 74.45 points, or 1.79%. Tech stocks also soared, with the Nasdaq gaining 251.49 points, or 1.64%. This comes as the Fed prepares to meet next week to discuss its monetary policy.



Read more at Yahoo Finance: Stock market today: Stocks surged after CPI, with Fed looming – Yahoo Finance