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US stocks open higher in reaction to CPI data

The major US stock indices are trading higher reaction to the CPI data this morning (a sigh of relief). The headline CPI rose 4.9% pushed higher by used car prices which rose 4.4%, gasoline prices rose 3.0% and shelter rose 0.4%. Shelter year on year remains elevated at 8.1%. Analysts and traders still look for a settling down of that measure of inflation as it contributes around one third to the overall CPI.A snapshot of the market segments into the open is showing:Dow industrial average up 142... Read More

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Posted: May 10 2023, 13:39

Author Name: forexlive

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