Wall Street stocks bounced back from a sharp early sell-off on Thursday that was triggered by US inflation data that came in hotter than expected.
The broad S&P 500 ended the day up 2.6 per cent, having dropped as much as 2.4 per cent earlier in the session. The Nasdaq Composite rose 2.2 per cent, recovering from a decline of about 3.2 per cent.
The latest bout of volatility in equity markets came after the closely watched US consumer price index reading for September landed at 8.2 per cent, marking a slight easing in the annual rate of inflation from 8.3 per cent in August, but above economists’ forecast of 8.1 per cent.
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