The Dow Jones Industrial Average jumps more than 800 points

After the big losses at the start of the session, the indicators have come to an end US stocks Major trading today is at large levels, adding 827 Dow Jones Industrial Average points, or 2.83% of its value, and allaying the fears of many investors.

Shocking though inflation dataAnnounced before the session started on Thursday, and which showed a rise that exceeded expectations, the indices offset losses of more than 3% in the Nasdaq index, and less than those in the S&P 500 and Dow Jones Industrial Average. closing the three of them trade in the green zone.

The intraday rebound of the S&P 500 index represented the fifth largest rebound from lows in its 65+ year history.

The S&P 500 index rose 2.6% in its value during trading today and the Nasdaq index was the hardest hit. changes in interest ratesadding 2.23% to its value, while the difference between the lowest and highest level of the Dow Jones Industrial Average during the day was over 1500 points.

Prior to the start of the session, the Bureau of Labor Statistics announced a rise in consumer prices in September of 0.4% over the previous month and 8.2% over the same month last year.

The Bureau of Labor Statistics said the indicator, which is the most important to measure for the Fed inflationIt has moved away from its recent highs, where it surpassed 9%, but is still close to the highest level of the last 42 years.

Immediately following the announcement of the data, some saw it as a confirmation of a 75 basis point interest rate hike at the November 2 Federal Reserve meeting and perhaps a prelude to a similar rate hike at the following month’s meeting.

These expectations caused index futures contracts to drop in pre-business hours, by more than 3% in some of them, before bouncing back into the green zone before official trading ends.

Coinciding with these developments, and on the sidelines of the current debates between the United States and Saudi Arabia, in the wake of OPEC + ‘s decision to reduce oil production by two million barrels a day starting next month, the price of oil has continued. black gold to rise, to record, at the time of settlement, an increase of 2.48% for standard Brent crude oil, to reach the price of 94.76 dollars per barrel, while West Texas Standard crude was 2, 30%, reaching a price of 89.28 dollars per barrel.

In a related context, and after its price dropped to $ 1642 an ounce, it was the lowest in two weeks, gold metal healed its wounds as conditions on Wall Street improved, to record $ 1670. the ounce before the end of today’s trading, while analysts’ expectations remained weak, for it to drop below the all-important $ 1680 level.