
Major US stock indices rose Thursday after a government report showed that consumer prices fell 0.3 .p.er cent last month,fueling investor hopes for more monetary stimulus measures
from the U.S. central bank.
The Labour Department said that the consumer price index dropped 0.3per cent last month.
The rate-setting US Federal Reserve is due to meet next week.
The blue-chip Dow Jones Industrial Average jumped 155.53 points, or 1.24 per cent, to 12,651.91. The broader Standard & Poor's 500
Index gained 14.22 points, or 1.08 per cent, to 1,329.1. The technology-heavy Nasdaq Composite Index rose 17.72 points, or 0.63 per cent, to 2,836.33. \\\\DPA