NEW YORK – U.S. stocks ended sharply higher on Thursday as economic data showed cooling inflation and a loosening labor market, fueling optimism that the Federal Reserve could be nearing the end of its aggressive interest rate hike cycle. All three major U.S. stock indexes surged more than 1 percent, with interest rate sensitive megacaps including Apple Inc, Microsoft Corp and Amazon.com providing the most upside muscle and pushing the tech-heavy Nasdaq up nearly 2% to its biggest one-day percentage jump in nearly a month.

https://business.inquirer.net/395885/wall-st-rallies-to-higher-close-as-inflation-data-feeds-fed-pause-hopes

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