New York CNN —
US stocks rallied Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
The Dow gained around 625 points in midday trading, or 1.4%. The S&P 500 rose 1.5% and the tech-heavy Nasdaq moved higher by 2%.
Stocks started the day on a strong note, with the Dow almost 700 points higher immediately after the latest inflation report was released. Data showed a slowdown in the core measure of Consumer Price Index for the first time in months, rising just 0.2% from November and easing to
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