Dow up 1,200 points, S&P 500 jumps 5% in biggest rally in two years after light inflation report

[pyetro]

tocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked.

The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, its best since March 2020, closing at 11,114.15.

October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected.

 

[tyroneweaver]

biden agenda is done

 

[Winco]

biden agenda is done

No big deal when you ^^^^^ don't have any money in the market.
Another Debbie Downer.

 

[Rambunctious]

After Christmas two things will happen prices will go up and jobs will be lost... the media is acting for the first time ever like Christmas has nothing to do with the economy and jobs....

 

[pyetro]

biden agenda is done

Looks like you don't wanna talk about the link.

 

[B. Kidd]

tocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked.

The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, its best since March 2020, closing at 11,114.15.

October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected.

Hey Dumbo.
Nothing to do with a minor downtick in inflation.
The market jumped because Big Gov't gridlock favors them!!
It gives the market more certainty than uncertainty. The market always falls on uncertainty.
But what do you know besides next to nuthin'??

 

[tyroneweaver]

Looks like you don't wanna talk about the link.

joe biden is done

 

[Winco]

After Christmas two things will happen prices will go up and jobs will be lost... the media is acting for the first time ever like Christmas has nothing to do with the economy and jobs....

Debbie Downer part 2.

Jeez, are you RWI's always miserable?
Appears so.

 

[odanny]

Thank you President Biden, job well done!

 

[Harpy Eagle]

The market jumped because Big Gov't gridlock favors them!!

Except that it was pretty much known yesterday that there would be gridlock and stocks went down.

They were up today based on the lower than expected inflation numbers, bringing hope the Fed will slow down the rate hikes.

 

[odanny]

Hey Dumbo.
Nothing to do with a minor downtick in inflation.
The market jumped because Big Gov't gridlock favors them!!

Likely jumped because the Red Wave was a Red Puddle.

 

[Harpy Eagle]

After Christmas two things will happen prices will go up and jobs will be lost... the media is acting for the first time ever like Christmas has nothing to do with the economy and jobs....

Wishful thinking on your part, you want Americans to suffer, it is all you seem to care about

 

[tyroneweaver]

Likely jumped because the Red Wave was a Red Puddle.

Cincinatti Red's wave

 

[multivita-man]

tocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked.

The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, its best since March 2020, closing at 11,114.15.

October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected.

I mean if you didn't think the markets were full of shit before, there's your proof. There's still way too much money chasing way too few goods and no, the crypto crash didn't clean out the bowels of the system. Only a recession can do that. Until then, we're going to have staggeringly high inflation. That's not really a political commentary, either. It's a commentary about how deluded we are.

 

[0311]

tocks mounted their biggest rally since 2020 after October’s reading of consumer prices raised investor hopes that inflation has peaked.

The Dow Jones Industrial Average jumped 1,201.43 points, or 3.7%, to 33,715.37 for its biggest one-day gain since stocks were emerging from the depths of the pandemic bear market. The S&P 500 jumped 5.54% to 3,956.37 in its biggest rally since April 2020. The Nasdaq Composite surged 7.35%, its best since March 2020, closing at 11,114.15.

October’s consumer price index rose just 0.4% for the month and 7.7% from a year ago, its lowest annual increase since January and a slowdown from the 8.2% annual pace in the prior month. Economists were expecting increases of 0.6% and 7.9%, according to Dow Jones. Excluding volatile food and energy costs, so-called core CPI increased 0.3% for the month and 6.3% on an annual basis, also less than expected.

Apparently the Stock Market is pleased with the outcome of Tuesday Election. The red wave became a wet spot.

 

[airplanemechanic]

Isnt that funny? The day that MSDNC reports the republicans will get the house and senate the market skyrockets.

It's a beautiful thing.

 

[jbrownson0831]

Hey Dumbo.
Nothing to do with a minor downtick in inflation.
The market jumped because Big Gov't gridlock favors them!!
It gives the market more certainty than uncertainty. The market always falls on uncertainty.
But what do you know besides next to nuthin'??

It jumped because the Dims have lost control of Congress.

 

[Harpy Eagle]

The day that MSDNC reports the republicans will get the house and senate

 

[airplanemechanic]

MSNBC Reporting - REPUBs Take The House!!!

Go turn on your TV! MSNBC is reporting Dem - 213 Repub - 222 Now if we take the senate I will give this election an A- And it's entirely possible for us to take the senate! And kari lake is making an amazing comeback...she is only down 0.2% now.

www.usmessageboard.com

 

[B. Kidd]

It jumped because the Dims have lost control of Congress.

That's what I said! Just a different way.