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Barchart
Barchart
Rich Asplund

Stocks Rally and Bond Yields Fall as US Consumer Prices Ease

United States Dow Jones US Federal Reserve ECB Inflation Interest Rates Morgan Stanley

The S&P 500 Index ($SPX) (SPY) today is up +1.06%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.82%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.19%.

Stock indexes today are trading higher, with the S&P 500 and Nasdaq 100 posting new record highs and the Dow Jones Industrials climbing to a 2-1/2 week high.  Stocks rose as bond yields fell on signs that inflation is cooling.  US May CPI rose less than expected, bolstering expectations that the Fed will be able to cut interest rates later this year. 

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