Dow rallies 400 points for first close above 47,000 ever following mild inflation report: Live updates - CNBC
AI Summary1 min read
TL;DR
The Dow surged 500 points to a record high, driven by a rally fueled by milder-than-expected inflation data. The CPI report showed a 3% inflation rate in September, lower than anticipated.
- Dow rallies 400 points for first close above 47,000 ever following mild inflation report: Live updates CNBC
- Latest inflation data shows prices rose by fastest pace since January CNN
- Inflation Isn’t as Bad as Economists Thought, but Americans Still Hate It The Wall Street Journal
- Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’ Fortune
- The lone shutdown economic report has a tariff silver lining Axios