
2 months ago
How major US stock indexes fared Wednesday, 1/15/2025
Associated PressU.S. stocks ripped higher after an encouraging update on U.S. inflation. The Dow Jones Industrial Average climbed 1.7%, and the Nasdaq composite gained 2.5%. Treasury yields eased in the bond market on hopes that Wednesday’s inflation update could help convince the Federal Reserve to cut interest rates further later this year. The Dow Jones Industrial Average rose 703.27 points, or 1.7%, to 43,221.55. The Russell 2000 index of smaller companies rose 44.06 points, or 2%, to 2,263.29.
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