Bond Yields Fall, Stock Futures Climb After CPI Report
Dow Jones07-14 20:49
Bond yields dropped sharply and Nasdaq futures climbed after a cooler-than-expected inflation report this morning.
Futures for the S&P 500 and Nasdaq-100 index rose, while those tied to the Dow industrials edged lower.
Investors had worried that accelerating price increases would nudge policymakers at the Federal Reserve to hike interest rates this year. Easing inflation helps make the case for keeping rates where they are.
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