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WHAT A DAY!
By Staff Reporters
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- MARKETS: The Dow Jones Industrial Average rose 653.61 points, or 2%, to end at 33,286.25.
- The S&P 500 gained 2.6%, or 107.18 points, finishing at 4,277.88, its best daily percentage gain since June 5, 2020, according to Dow Jones Market Data.
- The NASDAQ Composite Index advanced 3.6%, or 459.99 points, closing at 13,255.55, its best daily percentage gain since March 9, 2021.
- The S&P 500 had dropped nearly 5% over the last four sessions.
- LABOR DEPARTMENT: Will issue its inflation report, which economists expect will show that prices for U.S. consumers leapt 7.9% in February compared with a year ago, according to data provided by FactSet. That would be the biggest gain in four decades. Consumer prices jumped 7.5% in January from a year earlier. Shortages of supplies and workers, heavy doses of federal aid, ultra-low interest rates and robust consumer spending combined to send inflation accelerating in the past year.
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Filed under: Alerts Sign-Up, Investing | Tagged: DJIA, Dow Jones, Dow Jones Market, FactSet, inflation, Investing, Labor Department, NASDAQ, NYSE, S&P, S&P 5000, stock markets |
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