Wall Street soars on sign of cooling inflation

U.S. consumer prices increase less than expected in OctTraders see more than 70% chance of 50 bps rate hike in DecEV maker Rivian gains on strong demand, outlookIndexes surge: S&P 500 +4.59%, Nasdaq +6.17%, Dow +3.04%Nov 10 (Reuters) - Wall Street surged on Thursday, with the Nasdaq up over 6% as a sign of slowing inflation in October sparked speculation that the Federal Reserve might scale back its aggressive…