Stocks Rally on Cooling Inflation as Oracle, Nvidia Surge
• Wall Street stocks rally on latest inflation report, with S&P 500 on track to top record high • Inflation rose more than expected in January, but still near expectations and long-term downward trend • Oracle stock jumps on stronger-than-expected profits, Nvidia also rallies on AI excitement • Southwest Airlines drops on reduced revenue forecast and fewer expected Boeing plane deliveries • US Treasury yields swing on mixed reaction to inflation data; gold prices also reverse as traders reassess Fed rate cut outlook