Global Markets Rally: Dow Surges 400 Points, Nasdaq Soars 2.5% - All Eyes on CPI Data!

Good signals from global markets, great action in American markets, Dow jumped 400 points and closed at the day's high, big jump of 2.5% on Nasdaq, 1.6% rise in Smallcap Russell 2000, relief in the market from better than expected PPI data, PPI fell from 2.7% to 2.2% in July, monthly PPI at 0.1%, estimate was 0.2%, waiting for CPI data today, July CPI expected to remain stable at 3%.