The Dow Jones Industrial Average surged 1.2% to 53,686, while the S&P 500 rose 1.1% to 7,747 and the Nasdaq added 1.4% to 26,584 on Thursday.
The rally was powered by falling Treasury yields and optimistic comments from Fed Governor Christopher Waller, who noted "some signs of disinflation" and signaled he'd be "inclined to hold the target for the federal funds rate at its current setting" if the...
