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Benzinga

Business

Henry Khederian

Markets Finish Sharply Higher Amid Ongoing Macro Concerns

Nasdaq NYSE Inflation United States

U.S. indices traded sharply higher Friday following recent weakness. Markets were highly volatile this week, selling off following the April CPI report, which showed worse-than-expected inflation.

The headline CPI rose 8.3% in April, down slightly from 8.5% in March but above economist estimates of 8.1%. Prior to 2022, the CPI hadn't risen 8.3% in any month since 1982.

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