Dow jumps 489 points and bond yields plunge as CPI report suggests ‘inflation fever has broken’

04. The US stocks soared as the merchants gambled on the latest Consumer Price Index data revealing an inflation abatement to curb Fed interest increase in December. Bond yields dropped drastically, the 10-year rate hit 4.436% with a 19.6 bp decline.

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Witnessing the October CPI stat softness, stock indices interrupted trading within strong accompaniment of the staple indices DJIA, Nasdaq Composite and S&P 500. As best supportive data to slow Fed elevated the Johannesburg Stock Exchange in the afternoon exchange, summaries showed DJIA spike by 1.4322% to the effort of +489 with 31,827.70 settlements, Nasdaq by 2.37% to 14,094.38 mark, and S&P 500 to peak the dynamics at 4,495.70 andOSE to halt at 495.30 +1.91%.

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