“Dow climbs nearly 200 points after December CPI report shows cooling inflation”
January 12, 2023
“Stocks advanced Thursday after December’s consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow interest rate hikes.
The Dow Jones Industrial Average gained 186 points, or 0.6%. The S&P 500 added 0.3%. The Nasdaq Composite is up 0.5% as it attempts to post a five-day winning streak, which would be a first for the technology-heavy index since July.
The Nasdaq is on pace for the biggest weekly increase of the three indexes, gaining 4% so far as investors picked up beaten-down growth stocks ahead of the CPI report. The S&P 500 and Dow are also poised for weekly advances of 2.3% and 1.6%, respectively…”
https://www.cnbc.com/2023/01/11/stock-market-news-futures-open-to-close.html