Major US indices have a huge day higher as CPI inflation comes in lesson expectations NASDAQ index rises by 7.35%

  • Dow industrial average rose 1201.43 points or 3.7% had 33715.36
  • S&P index rose 207 22 points or 5.54% at 3956.38. The index closed above its 100 day moving average at 3901.
  • NASDAQ index was the biggest gainer with a 760.98 point rise or 7.35% at 11114.16
  • Russell 2000 rose 107.52 points or 6.11% at 1867.92.

It is a great move. It is the largest move higher since the pandemic. There is room to roam, but understand that there may come a day where it realized that it still rose 0.4% for the month. That inflation is still well above the 2% target for both the headline and the core.

However, enjoy it while you can and look for higher levels to potentially sell (like the 200 day MA).

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