"Dow Soars Over 500 Points as Stocks Rally on Cool Inflation Print"

US stocks rallied as investors reacted to a cooler-than-expected inflation report for October. The Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all closed higher, with the small cap Russell 2000 index enjoying its best close in over a year. Treasury yields plummeted, with the 10-year yield dropping 19 basis points, as the data signaled that the Federal Reserve may be done raising interest rates. Gold prices also rose, while investors expressed confidence that bond yields would continue to decline.