Stocks surged after a softer-than-expected Consumer Price Index (CPI) report raised hopes for Fed interest rate cuts. Prices rose 0.2% from December to January, lower than the 0.3% forecast, with annual inflation at 2.4%, under the expected 2.5%. This sparked optimism for multiple rate reductions this year, causing a rally in stocks and Treasuries. Gartner (IT) experienced a 13% move following the news, indicating market significance without altering perceptions. Technology and semiconductor stocks like Nvidia and AMD led the recovery, with the Nasdaq Composite rising 1.5% and the S&P 500 erasing 2026 losses. Gartner is down 33.7% in 2027, trading at $157.17 per share.

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