The Globe and Mail reports in its Thursday edition that U.S. stocks surged on Wednesday, with all three major indexes registering their biggest daily percentage gains in more than two months, as lower-than-expected December core inflation data and solid earnings from major U.S. banks fuelled a rally. A Reuters dispatch to The Globe says it was the biggest gain so far this year for Canadian stocks as well, although the rally was less robust. The S&P/TSX Composite Index ended the day at 24,789.30, up 200.72 points -- its biggest gain since Nov. 21. The U.S. Labor Department said the Consumer Price Index (CPI) increased the most in nine months as energy costs rose, although a measure of underlying inflation pressures subsided. Data on Tuesday showed the Producer Price Index (PPI) rose less than expected. All three major U.S. indexes scored their biggest daily percentage gains since Nov. 6. New York's Dow index rose 1.65 per cent. U.S. Federal Reserve officials said Wednesday that the recent inflation data were helpful but noted uncertainty in the coming months as they await policies from the incoming Trump administration. Toronto's financials sector rose 1.2 per cent and technology ended 2 per cent higher.