CNBC reports:
Stocks rose in volatile trading Thursday, recovering from steep losses earlier in the session, as traders assessed the latest U.S. inflation data and what it means for the Federal Reserve going forward.
The Dow Jones Industrial Average rose 423 points, or 1.45%, recovering from a 500-point drop earlier in the day. The S&P 500 ticked up 1.25% and the Nasdaq Composite gained 1.02%.
Stocks rebounded after hitting their lowest levels since …
The post CNBC: Dow rallies 600 points in huge market turnaround following hot inflation data appeared first on The Loadstar.
