Solar Stocks Surge on Positive CPI Report, Boosting S&P 500

The S&P 500 surged 1.9% following a favorable inflation report, with consumer prices remaining flat in October. Bond yields sank, benefiting tech stocks, including Enphase Energy, which saw a 16.4% increase. Goldman Sachs and rival banks also experienced gains, while Home Depot exceeded earnings and sales estimates, leading the Dow higher. Amazon struck deals with Snap and C3 AI, resulting in share increases for all three companies. However, Arthur J. Gallagher shares dropped after the insurance broker's acquisition of Australia's Edgar Insurance Brokers.