Dow climbs 660 points and Nasdaq soars 3% after November inflation cools to lowest level in nearly a year

Dec 13 2022 by Business Insider

 
US gas prices have cooled off from highs earlier in 2022.

JOSEPH PREZIOSO/Getty Images

US stocks soared Tuesday following the release of the November inflation report.  Headline inflation eased to 7.1%, the slowest reading since December 2021.  The Fed looks set to downshift the size of rate hikes at Wednesday's meeting. 

US stocks soared Tuesday as investors cheered the November Consumer Price Index reading which showed headline inflation eased by more than anticipated, bolstering the view...

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