Opening Bell: Futures, Europe Stocks Advance Ahead Of Key U.S. Economic Data
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| 📚 Daily Digest | Wednesday, May 11, 2022 | | |  | | | | U.S. Stocks Wobble as Inflation Data Slowed Less Than Expected | | |  | | © Reuters. | U.S. stocks opened mixed and tried to stage a rally after inflation data eased in April but remained near 40-year highs.
At 10:31 AM ET, the Dow Jones Industrial Average rose 235 points, or 0.7%, while the S&P 500 also rose 0.7% and the NASDAQ Composite was up 0.2%.
The Consumer Price Index rose 8.3% in April from last year, slowing from its pace in March but still higher than estimates. Prices rose 0.3% from March to April, the slowest increase since last August but still above the 0.2% analysts expected. | | | | | | | | | | | | | | | | Don't Miss Out On Tomorrow's Webinar | | | | | | | | | | | | | | |
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