THOMAS LOHNES/DDP/AFP/Getty Images
- US stocks rocketed higher on Tuesday as markets cheered slowing inflation in October.
- Treasury yields plummeted as result, with the 10-year rate dropping 18 basis points.
- The soft inflation report reinforced views that the Fed is done hiking rates.
Investors sent stocks soaring on Tuesday, cheering the October Consumer Price Index report that showed inflation slowed more than expected last month.
The Dow Jones Industrial Average soared 565 basis points, while the S&P 500 and Nasdaq 100 both rocketed more than 2%.