A significant surge occurred in the Dow, with it rising by 500 points. This increase happened as oil prices retreated. The change in the Dow is attributed to inflation data having a calming effect on Wall Street, which had been experiencing a slump.

Further details about this development are available from the source. The inflation data appears to have played a key role in the sudden change in the market.

The source provides more information on this topic, including the impact of the inflation data on the market and the retreat of oil prices.