• The Dow lurched 200 points higher in a midweek rebound.
• US CPI inflation held steady and accelerated on the backend, but met expectations.
• Equities continue to hold ground on the high end after the post-election rally.

The Dow Jones Industrial Average (DJIA) clawed back over 200 points at its peak on Wednesday, recovering ground after an early-week plunge from record highs. The post-election rally following presidential candidate and former President Donald Trump sent markets into dizzying new heights, but investors remain unwilling to let prices fall too far back despite the clear need for a breather.

US Consumer Price Index (CPI) inflation figures came in stickier than many had hoped, but still well within median market forecasts, helping to keep investor sentiment elevated. Headline CPI held steady at 0.2% MoM as expected, while annualized headline CPI inflation accelerated to 2.6% YoY from the previous 2.4%, as markets predicted. Core CPI inflation also met market expectations, holding at 0.3% MoM and 3.3% on an annualized basis.