Dow Rises Triple-Digits; S&P 500, Nasdaq Notch 1%-Plus Gains
Inflation continued to be fairly benign. The U.S. consumer price index jumped 0.6% in September, mainly because of higher gasoline prices. Excluding food and energy, CPI climbed 0.1%, the same as August.
The FTSE 100 in London closed up 1.1%, while the DAX in Germany gained 1.6%. Japan's Nikkei average rose 1.4% overnight to close at 8,701. Hong Kong's Hang Seng rose 0.28%.
A senior official within the Spanish ministry of economy told the Financial Times the country would consider a request for a credit line in order to fulfill conditions of the European Central Bank to start a fresh round of bond purchases.
September consumer prices rose 0.4% in the United Kingdom, while raw material and fuel costs fell 0.2% in September against a 1.9% rise in August.Gold for December delivery bounced back after Monday's steep decline, rising $8.70 to settle at $1,746.30 an ounce, while November light sweet crude oil rose 24 cents to close at $92.09 a barrel. The benchmark 10-year Treasury dove 18/32, lifting the yield to 1.723%. The greenback lost 0.74%, according to the
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV