3 sources·Business

U.S. Stocks Surge as Inflation Eases and Bank Earnings Impress

U.S. stock markets experienced significant gains driven by lower inflation readings and robust earnings from major banks, suggesting possible rate cuts from the Federal Reserve.

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  1. How major US stock indexes fared Wednesday, 1/15/2025

    Investors are breathing a sigh of relief as U.S. stocks surge following a positive inflation update, signaling potential optimism for rate cuts from the Federal Reserve.

    How major US stock indexes fared Wednesday, 1/15/2025

    Associated PressAssociated Press·3M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
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    Center
    This outlet is balanced or reflects centrist views.
  2. Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China

    The encouraging inflation report and strong bank earnings have given Wall Street a much-needed boost, reflecting a keen optimism in the market as investors adjust their expectations for potential interest rate cuts.

    Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China

    CNBCCNBC·3M
    Reliable
    This source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.
    ·
    Center
    This outlet is balanced or reflects centrist views.
  3. Stocks Surge as Inflation Data, Bank Profits Fuel Rally

    The significant rise in U.S. stocks, fueled by lower-than-expected inflation data and strong earnings from major banks, indicates a renewed optimism in the market despite persistent inflation concerns.

    Stocks Surge as Inflation Data, Bank Profits Fuel Rally

    NewsmaxNewsmax·3M
    Mixed Reliable
    This source has a mixed track record—sometimes accurate but also prone to bias, sensationalism, or incomplete reporting.
    ·
    Right
    This outlet favors right-wing views.
  1. Associated Press
  2. CNBC
  3. Newsmax
Updated: Jan 15th, 2025, 7:30 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

U.S. stock markets posted their biggest gains in over two months, led by the S&P 500's 1.8% rise after lower-than-expected core inflation data. Strong performances from major banks, particularly Wells Fargo and Citigroup, supported the rally, increasing expectations for Federal Reserve interest rate cuts. The Dow Jones and Nasdaq also saw notable hikes of 1.7% and 2.5%, respectively, as markets reacted positively to economic indicators and bank earnings, reflecting growing investor confidence amid easing inflation concerns.

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