U.S. stock futures advanced after the release of the March CPI report, which the White House had warned could show “extraordinarily elevated” inflation.
Tuesday morning as Wall Street digested a key inflation report. A day earlier, all three major U.S. equity indexes finished firmly in the red. The Dow dropped 1.19%, the S&P 500 fell 1.69% and the tech-heavy Nasdaq Composite lost 2.18%.
on Tuesday morning, reaching 2.82% before retreating somewhat to 2.798%. . That is the largest increase since December 1981 and slightly above the Dow Jones estimate of 8.4%. The CPI, excluding food and energy, increased 6.5%, meeting expectations.
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