Stocks Rally to Record Highs on Favorable US CPI Report

The S&P 500 Index ($SPX) (SPY) on Friday rose by +0.79%, the Dow Jones Industrials Index ($DOWI) (DIA) rose by +1.01%, and the Nasdaq 100 Index ($IUXX) (QQQ) rose by +1.04%.  December E-mini S&P futures (ESZ25) rose by +0.74%, and December E-mini Nasdaq futures (NQZ25) rose by +1.00%. The S&P 500 and the Nasdaq 100 indexes both rallied to new record highs on Friday.  Stocks found support from the slightly weaker-than-expected US CPI report, which gave the Fed a bit more latitude to cut interest rates.  Th ...