US stocks react to CPI inflation data: Dow jumps 350 points
The post US stocks react to CPI inflation data: Dow jumps 350 points appeared on BitcoinEthereumNews.com.
US stocks reacted sharply to the consumer price index inflation reading for September, with the Dow Jones Industrial Average jumping more than 350 points and both the S&P 500 and the Nasdaq hitting new all-time highs. Summary The US Bureau of Labor Statistics released the consumer price index inflation report for September on Friday. US CPI data showed inflation rose 0.3% in the month, compared to forecasts of 0.4%. Dow jumps 350 points, S&P 500 and Nasdaq hit record highs. US stocks rose on Friday as the market reacted to cool inflation data, with investors upbeat ahead of the Federal Reserve’s expected interest rate cut next week. With Wall Street seeing an optimistic outlook for the US economy, and investors confident of further gains for equities, the Dow Jones Industrial Average jumped more than 350 points. The blue chip index was up 0.8% at the time of writing. Elsewhere, the S&P 500 gained 0.8% and the Nasdaq Composite climbed 1.2% as both gauges hit new all-time intraday highs. US stocks jump on CPI data The market has awaited the release of the September consumer price index report with greater anticipation than in recent months. Part of this is down to the economic data blackout occasioned by the government shutdown that’s going into a fourth week. What to expect of US CPI ahead of the release was the main question ahead of Friday’s reading. But when the time came, the forecast 0.4% month-on-month reading came in at 0.3%, and that appeared to trigger a positive reaction from investors The Bureau of Labor Statistics’ CPI data showed an annual inflation rate of 3%, below the forecast 3.1%. Core CPI, which ignores food and energy, came in at 0.2% in September and 3% annually – again cooler than economists’ forecasts of 0.3% and…
Filed under: News - @ October 25, 2025 12:27 am