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Dow Rises 400 Points as Inflation Worries Ease, Nasdaq Pares Gains

Stocks Trade Higher as Inflation Worries Ease

Dow Closes at Record as Inflation Worry Eases, Bond Yields Fall TheStreet 3/10/2021 © TheStreet Dow Closes at Record as Inflation Worry Eases, Bond Yields Fall The Dow Jones Industrial Average on Wednesday closed at a record in mixed trading after U.S. consumer prices in February rose less than expected, easing investors worries about inflation. Benchmark 10-year Treasury bond yields fell to 1.514% on Wednesday after the core consumer price index rose 0.1% from a month earlier and 1.3% from the prior year, indicating that inflation pressures remain muted. In addition, the Treasury sold $38 billion of 10-year notes at a high auction yield of 1.523%, with solid demand for the benchmark paper.

Dow Closes at Record as Inflation Worry Eases, Bond Yields Fall

Dow Closes at Record as Inflation Worry Eases, Bond Yields Fall TheStreet 3/10/2021 © TheStreet Dow Closes at Record as Inflation Worry Eases, Bond Yields Fall The Dow Jones Industrial Average on Wednesday closed at a record in mixed trading after U.S. consumer prices in February rose less than expected, easing investors worries about inflation. Benchmark 10-year Treasury bond yields fell to 1.514% on Wednesday after the core consumer price index rose 0.1% from a month earlier and 1.3% from the prior year, indicating that inflation pressures remain muted. In addition, the Treasury sold $38 billion of 10-year notes at a high auction yield of 1.523%, with solid demand for the benchmark paper.

So you thought the GameStop saga was over

So you thought the GameStop saga was over. From CNN Business Anneken Tappe Remember GameStop? From last month s madness? If you thought we were done with that chapter of trading, you re not alone. But little did we know. As the market is rallying, GameStop (GME) and other meme stocks haven t been left behind. Shares soared enough more than 41% that the New York Stock Exchange had to briefly halt their trading. GameStop s peak today was $348.50, just above its record closing high from late January. And then it fell again, down nearly 20% midday. Phew. Why s the market up today? This morning s consumer price report soothed investors worries about a sudden inflation spike. Instead the market has time to focus on good news, like the stimulus package passed over the weekend.

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