Dow scores 1,200-point gain as stocks log biggest one-day advance since 2020 on signs inflation is s

[libertybele]

Dow scores 1,200-point gain as stocks log biggest one-day advance since 2020 on signs inflation is softening

U.S. stocks finished sharply higher on Thursday, logging their biggest single-session rally in more than two years as the Dow soared more than 1,200 points on data suggesting inflation may be peaking.

When looking at stock performance on CPI data days, both the S&P 500 and Nasdaq clinched their biggest daily gains in the history of the data series.

Falling Treasury yields and a softer dollar, driven by expectations that the Federal Reserve might opt for a smaller interest-rate hike in December, also helped to boost stocks, market analysts said. ..............

https://www.marketwatch.com/story/u-s-stock-futures-steady-after-sell-off-as-crucial-inflation-data-looms-11668074074?mod=home-page

[Wingnut]

I am at the point where if my my 401K goes back up I really dont GAF anymore.  It is survival of the fittest.  I don't want to be homeless or have to live in my sons basement/

[catfish1957]

Market knew at exit polls that House would go GOP.



That 1200 pt. gain is a semi-collective market breath of relief that pedo Joe's disasterous policies are at least get some legislative road blocks.

Overall popular vote broke 51-46 to the GOP.  It's a crazy anomaly that the dims got this close to retaining the house,,

[mountaineer]

Where are the signs inflation is softening? Not at the gas station or the grocery store, that's for sure.

[catfish1957]

Where are the signs inflation is softening? Not at the gas station or the grocery store, that's for sure.

Pedo Joe's band of economic idiiots are getting a ton of mileage from smoke and mirrors.

[Wingnut]

I am at the point where if my my 401K goes back up I really dont GAF anymore.  It is survival of the fittest.  I don't want to be homeless or have to live in my sons basement/

Let me say again.