U.S. stocks ripped higher after an encouraging update on U.S. inflation
ByThe Associated Press
January 15, 2025, 4: 21 PM
U.S. stocks ripped higher after an encouraging update on U.S. inflation.
The S&P 500 jumped 1.8% for its best day in two months Wednesday. The Dow Jones Industrial Average climbed 1.7%, and the Nasdaq composite gained 2.5%.
Strong profit reports from the biggest U.S. banks also helped launch indexes. Wells Fargo, Citigroup and Goldman Sachs helped lead the way.
Treasury yields eased in the bond market on hopes that Wednesday’s inflation update could help convince the Fede