Stock market news live updates: Stock surge, yields slide as CPI shows inflation eased in October

U.S. stocks saw outsized gains Thursday as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and…