Market Updates
U.S. Stocks Rebound On Hopes of Inflation Peaking
Barry Adams
12 Apr, 2022
New York City
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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%.
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Earnings
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