Power Breakfast: Dow Pops 1,200 Points, S&P 500 Jumps 5% In Biggest Rally In Two Years On Cooling Inflation In US
Zee Business Video Team | Updated: November 11, 2022 09:00 AM IST
According to data released by the US Labor Department, the inflation rate in the US reached 7.7% in October. After this the US market made the biggest jump in 2.5 years. The Dow Jones jumped 1,200 points, Nasdaq by 7.5% and the S&P 500 was up by 5.5%. Apart from this, Amazon's stock rose 12%, Apple 8%, Alphabet 7% and Meta gained 10%. On the other hand, the stock of VIX fell by 10%.
