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

1 min read
Source: The Wall Street Journal
"Stocks Rise as Inflation Concerns Linger, Fed Faces Pressure"
Photo: The Wall Street Journal
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.

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