Dow Recovers, Climbs

November 13,2024 12:02 pm EST

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Dow Recovers, Climbs

The Dow Jones Industrial Average resumed its upward progress Wednesday as investors look to keep a postelection rally going after a key inflation report was in line with expectations.

The 30-stock index recovered 179.54 points to 44,090.82.

The S&P 500 recaptured 6.94 points to 5,990.93.

The NASDAQ Composite slid 53.42 points to 19,227.95.

Tesla, which has been among the biggest winners following the election, was up again by 3%.

The October consumer price index accelerated a tad to a 2.6% annual rate, matching the consensus estimate from economists polled by Dow Jones. Core prices, which exclude food and energy from the reading, rose 3.3% last month, which also matched estimates.

Prices for the 10-year Treasury gained ground, lowering yields to 4.41% from Tuesday's 4.43%. Treasury prices and yields move in opposite directions.

Oil prices regained 15 cents to $68.27 U.S. a barrel.

Prices for gold dipped $9.60 an ounce to $2,596.70 U.S.

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