Dow rallies 460 points to close at a record as bond yields fall, House passes new stimulus, European markets close higher, building on rally; U.S. inflation tame 
The Dow Jones Industrial Average soared more than 500 points to a record after falling bond yields and a new stimulus package spurred investors to snap up stocks that will benefit from a faster recovery from the pandemic. 
The blue-chip Dow jumped 520 points to hit an intraday record high. The S&P 500 added 1.1%, led by energy and financials. The Nasdaq Composite rose 0.5% after gaining as much as 1.6% earlier in the day. The tech-heavy benchmark enjoyed a 3.7% rally in the previous session for its best day since November. 
Tame inflation data out Wednesday eased worries about rising prices that have jolted yields higher and unnerved equity investors. The 10-year Treasury yield was down 2 basis point at 1.52%. 
The Labor Department said consumer prices increased 0.4% in February, matching expectations from economists polled by Dow Jones. The Consumer Price Index gained 1.7% on a year-over-year basis, also in line with estimates. 

The pan-European Stoxx 600 ended 0.4% higher, with chemicals up almost 1.8% to lead gains while mining stocks dropped 1.6%. 
Adidas projected a strong rebound in sales in 2021 and slightly outstripped fourth-quarter sales and operating profit expectations, sending shares 2.7% higher. 
Just Eat Takeaway.com posted its full-year revenue growth of 54%, with active customers up 23% and the number of restaurants listed on its app by 42%, benefiting from lockdown measures throughout Europe. Shares were up almost 6% on the news. 
Source: CNBC