Dow rises over 600 points as Wall Street sees best CPI day since at least late 2023

Investors were cheering the latest consumer-price index report, which that showed core inflation unexpectedly slowed in December, putting U.S. stocks on pace for their best CPI day in at least 14 months.

The S&P 500 and the Nasdaq Composite were popping 1.8% and 2.3%, respectively, on Wednesday morning, with both indexes on track for their best performance on the day of a CPI report since Nov. 14, 2023, according to Dow Jones Market Data (see table above).