WTI Crude, Gold, HSI, Dow, S&P 500 and Nasdaq
All three averages are on pace for weekly gains — and that would mark their third straight positive week. The S&P 500 and the Nasdaq are up more than 2% through Thursday’s close, while the Dow is on pace for a 1.9% rise.
Soft readings for October’s consumer price index and the producer price index carried stocks during the week. CPI was flat from the previous month, while wholesale prices dropped 0.5% for their largest monthly decline since April 2020.
The results lifted investors’ hopes that the worst of inflation — as well as the Federal Reserve’s tough stance on rate policy — may be in the rearview mirror.
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