One of the least loved areas of the market is about to see better days. I’m talking about small-cap stocks.
This CPI report put the domestic inflation trajectory back on the "soft landing" path, where it had veered away from somewhat.
The Nasdaq composite added 1.4% to its own record set a day earlier, while the Dow Jones Industrial Average rose 0.9% to beat its own recent high. The Nasdaq composite rose 231.21 points, or 1.4%, to 16,742.39.