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4/12, 4:02 PM (Source: TeleTrader)
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US stocks extend gains, Dow surges 250 points

Markets on Wall Street extended gains from the start of the session with the Dow Jones Industrial Average soaring 250 points after the release of the latest inflation report, which showed the US consumer price index rose by a record 8.5%.

The Dow Jones climbed 0.72% or 246 points at 10:06 am ET. Chevron, up 2.89%, led the gains.

The Nasdaq 100 rallied 1.84% at 10:06 am ET. The best performer was CrowdStrike whose shares surged 7.88%.

The S&P 500 rose 1.05% at 10:07 am ET with Devon Energy jumping 4.56%.

Baha Breaking News (BBN) / NP