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Inflation Drives Markets Lower
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| Strong earnings from Caterpillar, Yahoo, Intel, Altria fail to spark rally, Oil spike up again, eBay reports 19 cents |
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| Steady drumbeat of good earnings report continued to roll this morning. However, market decided to focus on March consumer price index report. The core inflation was significantly higher than expected pushing the market averages lower. |
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Stocks Mixed
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| Earnings offset surge in consumer prices |
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| U.S. tech shares climbed on Wednesday bolstered by better-than-expected earnings from leading companies such as Caterpillar Inc. and Intel Corp. |
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Stocks Gain Ground
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| Dollar recovers |
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| Stocks stabilized yesterday on stronger buying fueled by several sound earnings reports and brighter inflation data. US stocks felt relief when the core Producer Price Index rose by only half of what analysts had forecast. |
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