Another sign that the low of this bear market might be already behind us, from Yahoo! Finance:
Stock market news live updates: Stocks surge after inflation reading comes in cooler than expectedU.S. stocks surged early Tuesday after new inflation data provided fresh signs that prices may be cooling.
The S&P 500 (^GSPC) jumped by 1.5% in early morning trading, while the Dow Jones Industrial Average (^DJI) advanced by 0.9%. The technology-heavy Nasdaq Composite (^IXIC) rose by as much as 2.5%.
October’s producer price index (PPI) declined to 8.0% annually, down from 8.5% in September, after economists surveyed by Bloomberg forecasted 8.3%. Annual core PPI also surprised at 6.7% year over year, compared to a consensus estimate of 7.2%. The PPI report comes after other key inflation data came in lower than expected last Thursday, with consumer prices rising 0.4% in October and core prices adding 0.3%.
LKE towards TOP-5, page-15861
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