U.S. stocks rose sharply on the morning of the 11th after August Consumer Price Index (CPI) data broadly matched expectations and long-term interest rates declined. The Dow Jones Industrial Average climbed as much as 604.09 points to 52,668.19 at 10:05 a.m., while the Nasdaq Composite gained 289.22 points to 26,370.94. The U.S. Labor Department said headline CPI increased 3.4% from a year earlier, matching July's pace and Reuters-compiled expectations. Core CPI, which excludes volatile food and energy prices, slowed to 2.4% year over year from 2.5%, although its monthly increase accelerated by 0.1 percentage point to 0.3%. Some market participants viewed the CPI and the previous day's Producer Price Index (PPI) as evidence of persistent inflationary pressure, but the 10-year Treasury yield fell, supporting rate-sensitive technology and growth shares. Lower U.S. crude oil futures also improved sentiment, while weaker-than-expected preliminary September consumer sentiment from the University of Michigan had limited market impact. IBM, Cisco Systems, Salesforce and Oracle advanced, while Adobe fell after its revenue outlook missed expectations. The rally reversed two straight sessions of declines, although investors remain focused on inflation data and interest-rate movements, with some expecting the Federal Reserve to remain cautious on rate cuts.