Dow soars over 700 points as investors welcome surprising inflation data
Wall Street’s main indexes jumped in volatile trading on Friday as a cooler-than-expected inflation report eased some market concerns triggered by the Federal Reserve forecasting only two rate reductions for 2025. In midday trading, the Dow Jones Industrial Average jumped 769 points, or 1.8%, to 43,113. The S&P 500 climbed 1.7%, and the Nasdaq surged 1.8%. 3The Dow jumped more than … Read more