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How the Stock Market Shrugged Off High Inflation -- For Now

TheMotleyFool

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How the Stock Market Shrugged Off High Inflation -- For Now: https://g.foolcdn.com/editorial/images/704764/investor-gettyimages-1155255759.jpg

The stock market initially reacted as one might have expected after the Consumer Price Index rose more than projected in September, with market benchmarks opening sharply lower. However, investors somehow found a silver lining in the numbers, and by the end of the day, the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) were up between 2.5% and 3%, while the Nasdaq Composite (NASDAQINDEX: ^IXIC) settled for a slightly smaller rise.

Index

Daily Percentage Change

Source Fool.com

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^DJI

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