US stocks rose on Thursday after less-than-expected inflation data encouraged traders’ expectations for a soft landing for the US economy.<\/p>\n\n\n\n
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Big Tech led the way as stocks rose on Thursday as traders celebrated yet another report that suggested that US inflation was slowing.<\/p>\n\n\n\n
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The S&P 500 climbed 1.3% to 4,145, which would be its highest close since February 7. The Nasdaq Composite advanced 2.01%, for its best gain this month. The Dow Jones Industrial Average added 352 points, or 1%, and also headed for its highest close since February.<\/p>\n\n\n\n
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The March producer prices index, a measure of prices paid by companies and often a leading indicator of consumer inflation, declined by 0.5% month over month versus expectations for prices to be flat. Excluding food and energy, the core wholesale prices reading shed 0.1% month over month, much better than the 0.2% increase expected by economists polled by Dow Jones.<\/p>\n\n\n\n
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The PPI data confirmed the easing inflation trend from Wednesday\u2019s March\u2019s consumer price index report, which advanced just 0.1% month over month. Consumer prices grew 5% on an annual basis, the smallest increase in nearly two years.<\/p>\n","protected":false},"excerpt":{"rendered":"
US stocks rose on Thursday after less-than-expected inflation data encouraged traders’ expectations for a soft landing for the US economy. Big Tech led the way as stocks rose on Thursday as traders celebrated yet another report that suggested that US inflation was slowing. The S&P 500 climbed 1.3% to 4,145, which would be its highest …<\/p>\n","protected":false},"author":13,"featured_media":53440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6885,8496,6858,7587],"class_list":["post-82852","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-fed","tag-tightening-monetary-policy","tag-us-economy","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82852","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=82852"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82852\/revisions"}],"predecessor-version":[{"id":82855,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/82852\/revisions\/82855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53440"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=82852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=82852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=82852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}