Markets Rise as Inflation Cools: September's CPI Report

U.S. stock index futures gained on Friday following a cooler-than-expected September Consumer Price Index report. The CPI rose 0.3% monthly against a predicted 0.4%, while the core CPI increased 0.2% instead of the anticipated 0.3%. Stock indexes such as Dow, Nasdaq 100, and S&P 500 all experienced notable gains.

The U.S. stock market rose in response to a favorable Consumer Price Index report for September, released on Friday by the Labor Department.

The monthly CPI increased by 0.3%, under the expected 0.4% that economists had forecast, suggesting a slower rate of inflation.

Core CPI, excluding food and energy, rose by 0.2% month-on-month, lagging behind the anticipated 0.3% increase. In morning trading, the Dow increased by 235 points, while Nasdaq 100 and S&P 500 rose by 246.5 and 47 points respectively, as markets responded positively to the data.