Power Breakfast: Dow Closes 270 Points Higher, NASDAQ Notches Fourth Day Of Gains Ahead Of Key Inflation Report

US markets strengthened ahead of inflation data. The Dow jumped 270 points to close at the day's high. On the other hand, the NASDAQ gained for the fourth consecutive day, rising 1.75%. Apple, Microsoft, Alphabet rose by 2-3.5%. Amazon jumped 6% and Tesla climbed 4%. The inflation rate is estimated to fall from 7.1% to 6.5% in December.

Updated on: January 12, 2023, 09.06 AM IST
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