Dow Surges 500 Points as Yields Slip on Sticky CPI — SkimNews
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- Dow Jones surged 500 points as traders shook off firm inflation data, with the S&P 500 and Nasdaq also rising per cross-coverage headlines.
- Treasury yields slipped despite CPI remaining sticky, while Fed rate-hike bets jumped and oil prices retreated.
Why it matters: Despite sticky CPI pushing rate-hike bets higher, equities and Treasury yields moved together against that signal — bond holders and rate-sensitive sectors now face a market split between hawkish Fed expectations and falling yields.
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