U.S. CPI Reignites Rate Cut Hopes: Bonds, Gold Surge, Major U.S. Stock Indices Hit Record Highs

$S&P 500 Index(.SPX.US)$ and $Nasdaq Composite Index(.IXIC.US)$ both rose over 1%. The semiconductor index posted its fourth consecutive gain, with $NVIDIA(NVDA.US)$ up 3.6%, AI “meme stock” $Advanced Micro Devices(AMD.US)$ nearly 16%, and $Dell Technologies(DELL.US)$ Dell up 11%. $Tesla(TSLA.US)$ fell 2%.

Meme stocks such as AMC and $GameStop(GME.US)$ saw significant drops, with AMC falling over 30% and GameStop plummeting 35%. $Chubb Ltd(CB.US)$ Chubb, a previously undisclosed holding of Warren Buffett's Berkshire Hathaway, rose over 6% after hours. $Berkshire Hathaway-A(BRK.A.US)$ $Berkshire Hathaway-B(BRK.B.US)$

Following the CPI announcement, the yield on the 10-year U.S. Treasury note plummeted more than 10 basis points intraday, and the dollar index hit a five-week low since the release of March's CPI. The yen surged over 1% during the session. $USD(USDindex.FX)$ $U.S. Treasury Bond ETFs(LIST22866.US)$

Oil experienced a V-shaped recovery, falling over 1% intraday before rebounding, distancing itself from a nine-week low. Gold surged over 1% to a three-week high. Silver hit an eleven-year high, climbing more than 4% intraday. London copper rebounded 1% to a two-year high, and New York copper continued approaching its historical high from two years ago, jumping nearly 5% at one point. Bitcoin surged $5000 intraday. $Spot Bitcoin ETF(LIST21030.US)$ $Digital Currency(LIST20010.US)$ $Coinbase(COIN.US)$ $Crude Oil Futures(JUL4)(CLmain.US)$