https://www.wnd.com/2022/08/stocks-soar-sp-500-hits-highest-level-3-months-key-report-shows-slowdown-inflation/

(CNBC) — Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.

The Dow Jones Industrial Average jumped 535 points, or roughly 1.6%. The S&P 500 gained 2.1% and hit its highest level since early May, while Nasdaq Composite rose 2.9%.

The headline consumer price index for July rose 8.5% year over year, and was flat compared to June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.

Read the full story ›

You Might Like
Learn more about RevenueStripe...