[DowJonesToday]Dow Jones Surges on Cooler Inflation Data, Igniting Rate Cut Hopes

The Dow Jones Industrial Average (^DJI) was up 527.88 points (1.1295%) today, reaching 47262.49. Dow Futures (YM=F) also showed significant strength, up 538.00 points (1.1466%) at 47460.00. This robust market performance, which saw the Dow, S&P 500, and Nasdaq all hit new records, was primarily driven by economic data: the release of cooler-than-expected September inflation figures. The Consumer Price Index (CPI) report indicated that prices rose 3.0% year-over-year, slightly below the 3.1% anticipated by e ...