"Investors are acknowledging that the Fed is nearing the end of its rate tightening cycle which is supporting a relief rally in stocks and lower bond yields, said Bryce Doty, senior vice president at Sit Investment Associates.
Stocks surged Tuesday morning after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news come just a few days after another
Inflation is cooling, and Wall Street loves it kyma.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kyma.com Daily Mail and Mail on Sunday newspapers.