Stock Market Today: Dow Industrials Jump after Inflation Data; Banks Post Strong Earnings
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Wall Street rips higher after inflation data and strong bank profits
U.S. stocks are ripping higher after an encouraging update on U.S. inflation. The S&P 500 jumped 1.9% Wednesday.
Treasury yields post biggest one-day drop in months after CPI data
Wednesday's rally in U.S. government debt saw the yield on the 2-year Treasury note post its biggest drop in over four months, as investors zeroed in on a cooler-than-expected core reading from the ...