Inflation Data Causes Stock Market Volatility and Surprising Buyout Success

The US stock market indexes remained uncertain on Wednesday as enthusiasm over cooler inflation data faded. American Airlines' soft profit outlook sent the industry broadly lower. Microsoft's shares rose after Wedbush analyst Dan Ives raised the price target to 315 from 290 and maintained an outperform rating. The CPI edged up 0.1% from the previous month and 5% year over year, both gauges showed improvement from February and were below consensus forecasts. The 10-year Treasury yield fell 7 basis points to 3.37%. Triton International soared 32% after the shipping container leasing company agreed to be acquired by Brookfield Infrastructure Partners for $85 per share.