On Thursday, April 11th, the U.S. stock markets ended mostly higher, led by tech momentum stocks amid signs of cooling inflation. The Nasdaq gained from interest-rate-sensitive tech giants, while the S&P 500 saw gains, and the Dow remained nearly flat.
According to the economic data, U.S. producer prices increased by 0.2% in March, below February’s 0.6% rise and expectations of 0.3%. Initial jobless claims dropped to 211,000 last week, beating estimates of 215,000.
Wednesday’s higher-than-anticipated CPI data caused a significant drop in stocks. They pushed Treasury yields to a peak not seen since November, tempering expectations for up to three central bank rate cuts by year-end, possibly beginning in June.
Technology led the way in the S&P 500’s …
Full story available on Benzinga.com
On Thursday, April 11th, the U.S. stock markets ended mostly higher, led by tech momentum stocks amid signs of cooling inflation. The Nasdaq gained from interest-rate-sensitive tech giants, while the S&P 500 saw gains, and the Dow remained nearly flat.
According to the economic data, U.S. producer prices increased by 0.2% in March, below February’s 0.6% rise and expectations of 0.3%. Initial jobless claims dropped to 211,000 last week, beating estimates of 215,000.
Wednesday’s higher-than-anticipated CPI data caused a significant drop in stocks. They pushed Treasury yields to a peak not seen since November, tempering expectations for up to three central bank rate cuts by year-end, possibly beginning in June.
Technology led the way in the S&P 500’s …
Full story available on Benzinga.com
On Thursday, April 11th, the U.S. stock markets ended mostly higher, led by tech momentum stocks amid signs of cooling inflation. The Nasdaq gained from interest-rate-sensitive tech giants, while the S&P 500 saw gains, and the Dow remained nearly flat.
According to the economic data, U.S. producer prices increased by 0.2% in March, below February’s 0.6% rise and expectations of 0.3%. Initial jobless claims dropped to 211,000 last week, beating estimates of 215,000.
Wednesday’s higher-than-anticipated CPI data caused a significant drop in stocks. They pushed Treasury yields to a peak not seen since November, tempering expectations for up to three central bank rate cuts by year-end, possibly beginning in June.
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