"Stocks Await CPI Report, Market Remains in Holding Pattern"

The stock market rallied as the Dow Jones surged over 450 points and the Nasdaq jumped roughly 2% following a cooler-than-expected inflation report for October. The S&P 500 also rose around 1.8%, while the small cap Russell 2000 index enjoyed its best day in about a year. Bond yields plummeted, with the 10-year Treasury yield dropping 17 basis points. Home Depot's quarterly results showed a smaller-than-expected decline in same-store sales, while Nvidia stock continued its winning streak. Investors are confident that bond yields will continue to fall, according to a survey by Bank of America.