Dow Shrugs Off Hot Inflation Data, Soars Over 500 Points
Schaeffers·
- U.S. stocks rebounded strongly on Thursday, with the Dow surging 556 points despite hotter-than-expected inflation data and AI spending concerns.
- Oil prices rose approximately 3% to settle at $97.97 per barrel due to supply disruption fears and an 8 million barrel drop in U.S. crude inventories.
- Gold futures also increased by 1.7% to $4,177.80 per ounce, shaking off the morning inflation data.
