Policy Caution, Economic Resilience Fuel Gains U.S. equities edged higher in a quiet, holiday-shortened trading week. The S&P 500 rose 1.0%, the NASDAQ added 0.9%, and the Dow gained 1.3%, continuing the month’s strong trend.

CPI Report Spurs Broad Market Rally Markets continued to rally last week as inflation data surprised to the downside. The Consumer Price Index (CPI) showed no monthly increase in October, while core CPI, which excludes food and energy, rose only 0.2%. Both measures came in below expectations.

Market Momentum Builds on Cooling Rate Pressures Equity markets advanced for a second consecutive week as inflation data and falling Treasury yields supported optimism around the Federal Reserve’s current policy stance. The S&P 500 rose 1.3%, the NASDAQ gained 2.4%, and the Dow added 0.7%.

Treasury Yields Ease, Boosting Risk Assets Markets posted a broad-based rally last week, helped by a meaningful drop in long-term interest rates and softer-than-expected employment data. The S&P 500 gained 5.9%, the NASDAQ rose 6.6%, and the Dow advanced 5.1%.

Economic Growth Surprises to the Upside Equity markets rallied last week following a strong U.S. GDP report and easing bond yields. The S&P 500 advanced 2.5%, the NASDAQ gained 2.9%, and the Dow climbed 2.1%.

Relief Rally Fueled by Cooling Yields and Steady CPI After weeks of volatility, equities rebounded last week, supported by falling Treasury yields and inflation data that met expectations. The S&P 500 rose 0.7%, the NASDAQ gained 1.6%, and the Dow added 0.8%.