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Dow Surges 600 Points as In-Line August CPI Calms Market Fears

Dow Jones Newswires Read original source (opens in a new tab)
The Story

News Summary

  • August US CPI rose 3.4% year-over-year, meeting expectations, while core CPI increased 2.4%.
  • Despite heightened expectations for a Federal Reserve rate hike, Treasury yields eased slightly, sparking a relief rally that lifted the Dow Jones Industrial Average by nearly 600 points.
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108.69 +69.48% over the displayed period

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