The major US stock indices are closing near highs for the day. Wall Street Journal's Timiraos tweeted that the core PCE was likely to be tame when released on January 26th with the 12-month, 6 month and 3-month trends moving lower (see post here). The Dow industrial average which was trading above and below unchanged surged to over a 200-point gain. The Nasdaq was the biggest gainer with a rise of 1.35%. The final numbers are showing. Dow Industrial Average rose 201.94 points or 0.54% at 37468.62S&P index rose 41.73 points or 0.88% at 4780.95NASDAQ index rose 200.02 points or 1.35% at 15055.64The small-cap Russell 2000 also reversed from negative levels into the US afternoon and is closin
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