US inflation data boosts US stock exchanges – tech index Nasdaq rises by five percent

Frankfurt/New York Speculations that the US Federal Reserve would slow down its rate hikes catapulted Wall Street prices higher on Thursday. Earlier, consumer price data from the US showed that price pressure eased in October.

The standard value index Dow Jones Index closed 3.7 percent higher at 33,715 points. The tech-heavy Nasdaq advanced 7.4 percent to 11,114 points. The broad S&P 500 gained 5.5 percent to 3956 points.

Investors had been waiting eagerly for the consumer price data and therefore held back on the stock exchanges until the afternoon. In order to get the high inflation under control, the US Federal Reserve recently raised interest rates significantly several times. She had signaled that she could slow down a bit on the raises. Inflationary pressures fell more sharply than expected in October, giving the central bank arguments for a less aggressive stance.