U.S. Stocks Rebound On Hopes of Inflation Peaking
- Barry Adams
- U.S.A. New York City
U.S. indexes gained after inflation rate in March rose 8.5% from a year ago and increased 1.2% in the month. Traders focused on core inflation rate slowing to 0.3% in the month but rose 6.5% in 12 months. Tech stocks led gainers with Microsoft, Qualcomm, Broadcom, and Nvidia gained more than 1%. Energy companies advanced following an uptick in crude oil prices. 10-year bond fell to 2.72%.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tesla Inc | TSLA | -6% | 48% | -84% |
| Microsoft Corporation | MSFT | 10% | 54% | -27% |
| QUALCOMM Incorporated | QCOM | 43% | 19% | -34% |
| Broadcom Inc | AVGO | -85% | 101% | -16% |
| NVIDIA Corporation | NVDA | -76% | 182% | -40% |