The University of Michigan’s preliminary report showed that its consumer sentiment index increased to 64.6 in January from 59.7 in the prior month, its highest level since April. The consumer price index (CPI) advanced 6.5% on a year-over-year basis last month, less than November’s annual increase of 7.1%, and well below June’s peak of 9.1%, per the U.S. Bureau of Labor Statistics. For the week, the tech-laden Nasdaq was the outperformer, surging 4.8%.