"Inflation Data Boosts Dow, Stocks and Bonds Gain"

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Source: CNBC
"Inflation Data Boosts Dow, Stocks and Bonds Gain"
Photo: CNBC
TL;DR Summary

The Dow Jones Industrial Average rose 200 points as new data showed that inflation rose less than expected, providing a boost to the market at the end of a challenging month and quarter. The S&P 500 and Nasdaq Composite also saw gains. Nike shares surged 9% after reporting better-than-expected earnings. The Federal Reserve's preferred inflation metric, the personal consumption expenditures price index, showed that core inflation rose 0.1% in August and 3.9% year over year, lower than economists' expectations. Despite the recent gains, the major indexes are still on track for negative monthly and quarterly performances.

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