Reported about 9 hours ago
Stocks initially declined after the Bureau of Labor Statistics reported a 3% increase in the Consumer Price Index (CPI) for January, exceeding December's 2.9% rise. However, they rebounded later in the day as bond yields surged. Piper Sandler's chief investment strategist highlighted that the market remains sensitive to interest rate changes, particularly affecting rate-sensitive sectors. He noted early signs of improvement in employment data that could influence future Federal Reserve interest rate decisions.
Source: YAHOO