wall street stocks surged monday regaining some of last weeks losses as markets showed cautious optimism ahead of a key inflation data release and closelywatched federal reserve meeting observers expect consumer price increases to slow in november adding to signs that redhot inflation is finally easing while the us central bank is anticipated to announce a smaller interest rate hike after a twoday policy meeting starting tuesday the dow jones industrial average jumped 16 percent to finish at 3400504 while the sp 500 rose 14 percent to land at 399056 the techrich nasdaq composite index rose 13 percent as well to 1114374 there was a lot of positive news to start the week and that helped push equities higher said edward moya of the oanda trading platform in particular a survey by the federal reserve bank of new york indicated that inflation expectations are coming down while biopharmaceutical firm amgen announced an agreement to acquire horizon therapeutics  the biggest deal this year in the health sector in the aviation sector boeing was boosted by hopes it might secure a massive aircraft order from air india moya added meanwhile markets digested remarks by treasury secretary janet yellen who said in an interview on cbs news sunday that while recession is a risk it is not something that is necessary to bring inflation down