Stocks Soar as Inflation Cools and Intel Shines Amid Global Trade Talks

Wall Street saw a promising uptick on Friday, driven by unexpectedly low inflation figures and Intel's striking earnings results. This economic development reinforced market confidence that the Federal Reserve might proceed with interest rate cuts in the near future.

Despite the ongoing government shutdown extending into its 24th day, the inflation data remains a pivotal factor for policy decisions amid a dearth of other key economic indicators. Investor sentiment improved, as projections now show potential for three rate cuts by March.

In corporate news, Intel's stock surged nearly 6% owing to strong third-quarter profits, positively influencing major tech stocks. Meanwhile, Trump-Xi discussions aim to address trade tensions affecting international markets, despite recent setbacks in U.S.-Canada trade relations.