Stocks Soar as Inflation Cools in October
-
Stocks rally after cool inflation print
- Tech-heavy Nasdaq up 1.7%, S&P 500 up 1.3%, Dow up 1%
- 10-year Treasury yield drops 17 basis points
- Home Depot earnings show smaller sales decline
-
Inflation rises less than expected in October
- Consumer prices unchanged vs 0.1% increase expected
- Core inflation rose 0.2% vs 0.3% expected
- Annual core inflation slowest since September 2021
-
Risk assets like small caps and bonds rally
- Russell 2000 futures jump over 3%
- 10-year Treasury yield drops below 4.5%
-
Stocks little changed ahead of inflation report
- Dow, S&P 500 futures roughly flat
- Nasdaq 100 futures up 0.2%
- Traders await October CPI data before market open