Friday, June 15, 2007
U.S. stocks rally on tamer-than-expected consumer prices
11:41 am ET Jun 15, 2007
DJIA
13,659
+105.76
S&P
1,535
+12.03
NASDAQ
2,624
+25.52
10Yr
5.18%
-0.035
U.S. stocks rally on tamer-than-expected consumer prices
NEW YORK
U.S. stocks rallied Friday, as investors cheered news that core consumer
prices were weaker-than-expected in May, helping bond yields to fall
further.
Economic Report: CPI running hot, but core remains cool
WASHINGTON
Higher energy prices drove the U.S. consumer price index up by 0.7% in
May, its largest increase since Hurricane Katrina and the second largest
in 16 years, the Labor Department reported Friday.
