"Stocks Rise as Inflation Concerns Linger, Fed Faces Pressure"

TL;DR Summary
Stocks rose and bond yields fell after the latest inflation data showed consumer prices rising at their slowest pace in over two years. The S&P 500, Dow industrials, and Nasdaq Composite all climbed, with tech and communications services leading the way. Domino's Pizza was the best performer in the S&P 500 after announcing a partnership with food delivery apps. Government-bond yields slipped, and oil prices remained steady. Overseas markets were mixed, with the Stoxx Europe 600 adding 1.3% and U.K. bank stocks gaining after the Bank of England's positive assessment.
- Stock Market Today: Dow Opens 200 Points Higher as Traders Digest CPI Report, Cooling Inflation The Wall Street Journal
- US Inflation May Be Slowing But Rate-Hike Pressure Weighs on Fed Bloomberg
- Why the Fed's fumble on inflation leaves the economy vulnerable to stagflation MarketWatch
- Fed 2% Inflation Target Is Coming for Your Wages Bloomberg
- Survey: Higher Inflation Could Persist Through At Least 2024 Bankrate.com
- View Full Coverage on Google News
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