Dow Rises 400 Points as Stocks Rally on Micron Earnings and CPI Data
U.S. equities surged following stronger-than-expected Micron results and a favorable Consumer Price Index report, while the VIX volatility index fell sharply.
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Terms & Concepts
VIX: The CBOE Volatility Index, a measure of market expectations for near-term volatility in U.S. stocks.
CPI: Consumer Price Index, a measure of the average change in prices paid by consumers for goods and services over time.
Earnings Results: Quarterly or annual financial performance reports released by companies, detailing revenue, profit, and other metrics.