Mixed Signals for Inflation: Wholesale Prices Drop, Energy Prices Rise.
TL;DR
Stocks closed higher on Thursday as new data showed a fall in supplier prices in March, indicating a slow easing of inflation. The Nasdaq led the indexes upward, while bitcoin prices traded above $30,000 for the first time since June 2022 and gold approached record highs. The ARK Innovation ETF also saw a jump in trading.
- Stock Market Today: Dow Closes Higher After Another Sign of Easing Inflation The Wall Street Journal
- Wholesale inflation unexpectedly tumbles 0.5% in March, biggest drop in 3 years Fox Business
- Energy Prices Are Rising Again. What It Means for Inflation. Barron's
- Inflation is easing but most people say it's still too high The Washington Post
- Producer Prices For March Come In Well Below Economist Estimates: Market Still Anticipates Another 0.25% Rate Hike - SPDR S&P 500 (ARCA:SPY) Benzinga
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