Dow, S&P 500, Nasdaq Rise; Intel, Ford, Nvidia Lead; Inflation, Tariff Concerns

Stock futures experienced a notable surge on Friday following the release of September’s consumer price index (CPI), which revealed cooler inflation than anticipated. The CPI reported a monthly increase of 0.3% and an annual rise of 3%, both figures falling short of economists’ predictions.

Consumer Price Index Findings

Analysts surveyed by FactSet had forecasted a 0.4% monthly increase and a 3.1% annual rate. When examining the core CPI, which omits the often volatile food and energy sectors, it similarly recorded a 0.3% rise for the month.

Market Reactions

The stock market responded positively to this data:

• S&P 500 futures increased by 0.7%.
• Nasdaq 100 futures rose by 1%.
• Dow futures advanced by 0.5%.
• Russell 2000 futures saw a rise of 1.7%.

Additionally, the bond market exhibited bullish trends in reaction to the CPI report.

Treasury Yields

There was a significant drop in Treasury yields:

• The yield on the 2-year Treasury note decreased to 3.44%.
• The 10-year yield fell to 3.97%.

Overall, the market’s response indicates a growing optimism amid inflation and tariff concerns, led by significant players like Intel, Ford, and Nvidia.