From Yahoo Finance: 2024-04-11 17:53:59

US stocks rose after the producer price index (PPI) increased less than expected in March by 0.2%, short of the 0.3% forecasted. Experts caution that PCE data later this month will offer a more accurate gauge of inflation. Unemployment claims fell to 211,000 for the week ending April 6th, down from the previous week’s 222,000. Major stock indexes rebounded from Wednesday’s sell-off, with Treasury 10-year yields remaining above 4.5%. This follows higher-than-expected consumer price index data, complicating the market’s forecast for Federal Reserve interest rate cuts. Bitcoin rose 1.23% to $65,700.



Read more at Yahoo Finance: Indexes edge higher after CPI-led rout as wholesale inflation shows improvement