On the New York Stock Exchange, the Dow Jones 30 Industrial Average closed at 43,221.55, up 703.27 points and 1.65% from the previous session.The
Standard & Poor's 500 Index jumped 107 points and 1.83% from the previous session to 5,949.91, and the Nasdaq Composite Index jumped 466.84 points and 2.45% to 19,511.23.
Excluding volatile food and energy, the core consumer price index rose 3.2% last month from a year ago and 0.2% month-on-month, falling 0.1% below expectations, raising expectations for a rate cut.
Big U.S. banks also led the gains, with JPMorgan Chase, the largest U.S. bank, posting better-than-expected earnings in the fourth quarter of last year, up 50% from a year ago.
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