Stocks Rise After CPI Surprise
Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.Cooler-than-forecast February inflation pushed stocks higher after two days of heavy losses. A kneejerk rally in bonds quickly reversed and yields rose across the curve amid concerns over an escalating trade war.Equities advanced after a selloff that put the S&P 500 on the verge of a technical correction. The bounce was led by tech megacaps, which got heavily hit during the recent market meltdown. While the surprise slowdown in consumer prices brought relief to traders, several voices on Wall Street saw the data as the…
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