Wall Street soared on Friday as investors received a welcome reprieve amid the ongoing U.S. government shutdown. Market participants, starved of economic data, reacted positively to a cooler-than-expected consumer inflation report.
All three major averages—S&P 500, Dow Jones Industrial Average, and Nasdaq Composite—reached new intraday all-time highs. The better-than-expected Consumer Price Index (CPI) data boosted investor sentiment across the board, leading to strong gains in equity markets.
Following the CPI report, U.S. Treasury yields fell as investors moved to buy bonds in response to the inflation data. This shift indicates a growing belief that the Federal Reserve may cut interest rates by 25 basis points at its next meeting, with expectations mounting for further rate reductions down the line.
### Market Highlights:
– **S&P 500, Dow, and Nasdaq** all climbed to new intraday all-time highs.
– **U.S. Treasury yields** declined post-CPI report, reflecting bond buying activity.
– **Investor sentiment** suggests a 25 basis point rate cut at the upcoming Fed meeting, with potential for additional cuts.
Stay tuned for more trending news and detailed market analysis.
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**Related Stocks and Indexes:**
– S&P 500 Index (Symbol: SP500)
– NASDAQ Composite Index (Symbol: COMP)
– Dow Jones Industrial Average (Symbol: DJI)
– United States 10-Year Bond Yield (Symbol: US10Y)
– United States 2-Year Bond Yield (Symbol: US2Y)
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