Power Breakfast: Dow Pops 1,200 Points, S&P 500 Jumps 5% In Biggest Rally In Two Years On Cooling Inflation In US

Name: Power Breakfast: Dow Pops 1,200 Points, S&P 500 Jumps 5% In Biggest Rally In Two Years On Cooling Inflation In US
Uploaded: 2022-11-11T09:00:01+05:30
Duration: 18 min 12 s
Description: 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%.

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%.

View in App

Written By: Zee Business Video Team

Updated on: November 11, 2022, 09.00 AM IST