$Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ As anticipated, CPI came in much cooler at -0.4% for the month, lowering the annual rate from 4.2% to 3.5%. PPI is also expected to be cooler.
Banks beat both top and bottom line earnings, though they're pulling back a bit—not entirely sure why on that move.
The USD and the 10-year yield are dropping on the news.
If it weren't for surging oil prices, the market would likely have seen a much bigger rally.
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