Stocks Spike, Bond Yields Drop as CPI Inflation Comes in Cooler Than Expected

LIVEStock Market Today: Nasdaq Set to Open Higher After CPILast Updated: 33 min agoStocks Spike, Bond Yields Drop as CPI Inflation Comes in Cooler Than ExpectedByConnor SmithStocks spiked and bond yields dropped after Wall Street cheered a cooler-than-expected November inflation reading.The consumer price index for November rose at a 2.7% annual rate, which was below expectations at 3%.The core CPI, which excludes volatile food and energy prices, rose at a 2.6% annual rate. Economists polled by FactSet expected a 3.1% uptick.