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Barchart
Barchart
Rich Asplund

Stocks Climb and Bond Yields Fall as US CPI Moderates

The S&P 500 Index ($SPX) (SPY) this morning is up +0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.40%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.26%. 

US stock indexes this morning are mildly higher, with the S&P 500 posting an all-time high, the Dow Jones Industrials posting a 6-week high, and the Nasdaq 10 posting a 1-3/4 month high.  Stocks rallied as bond yields fell after US consumer prices eased as expected.  Also, the US retail sales and Empire manufacturing reports were weaker than expected, bolstering the outlook for the Fed to cut interest rates this year.

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