Dow surges 1,198 points, best day since April 2020 U.S. stocks surged as investors bet the Federal Reserve will shrink future rate hikes after October's inflation data slipped below 8%. The Nasdaq rallied over 7%, the best action following a CPI report on record. In commodities, oil rose fractionally to $86.47. More on this For more news, please go to FoxBusiness.com and watch Fox Business Network.

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