US stocks open higher as inflation worries ebb | Malay Mail

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NEW YORK, June 11 — Wall Street stocks advanced early today and added to records as markets maintained an optimistic interpretation of the latest US inflation reading. Data released yesterday showed the inflation rate at its highest level in 13 years, but the S&P 500 still finished the...

NEW YORK, June 11 — Wall Street stocks advanced early today and added to records as markets maintained an optimistic interpretation of the latest US inflation reading.

“What the market seemed to sniff was peak inflation,” said Briefing.com analyst Patrick O’Hare, noting a drop on the yield on the 10-year US Treasury on Thursday and again early Friday.

 

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