Dow jumps 500 points after inflation data cools

  • Dow jumps 500 points after inflation data cools

    Stocks rallied across the board after consumer prices for November rose less than expected but still remain elevated at 7.1%, this as the Federal Reserve begins its two day meeting. In commodities, oil jumped 2% to the $74 level. On Capitol Hill, the first hearing on the collapse of FTX begins without the star witness Sam Bankman-Fried who was arrested last night.

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