Inflation Data Boosts Stocks and Bonds, Palantir Sees High Demand for AI Platform.
TL;DR Summary
US stocks and bonds rose after the consumer-price index (CPI) rose to 4.9% in April from a year ago, easing slightly from a 5% increase in March, marking the 10th consecutive month of cooling inflation. Economists warn that inflation may be stickier than markets are expecting, and it is still much higher than the Fed's target.
- S&P 500, Bonds Rise After Inflation Data - WSJ The Wall Street Journal
- Nasdaq closes 1% higher Wednesday after inflation data is cooler than anticipated: Live updates CNBC
- Dow Jones Rallies On CPI Inflation Data; Airbnb Plunges 14% On Earnings Investor's Business Daily
- Tech, Bond ETFs Rally After CPI Report etf.com
- Palantir Technologies Reports 'Unprecedented' Demand for AI Platform Newser
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