Stocks soared Wednesday as investors digested strong earnings reports from several large financial services companies and highly anticipated inflation numbers that came in softer than expected.
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Stock Market Today: Dow Jones Soars 700 Points As Inflation Cools; Nvidia Rebounds As Quantum Stocks Fly (Live Coverage)The Dow Jones Industrial Average jumped over 700 points after Wednesday's inflation report pleased investors. Nvidia rebounded, while Microsoft gave quantum stocks a boost in the stock market today.
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US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
XRP's price hit an all-time high on Wednesday, potentially opening a path for the cryptocurrency to reach as high as $4.40, one technical analyst said.
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