Tepid Inflation Eases Concerns ; Usa

Summary


Wall Street soared again yesterday after the week's most anticipated economic reading indicated that inflation excluding the price of petrol remained tepid last month, easing some concerns that have jolted stock and bond markets in recent sessions.

The Dow Jones industrial average - which has surged more than 340 points over the last three days, the biggest three-day point gain since November 2004 - is now less than 40 points below its record close reached on June 4.

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Tepid Inflation Eases Concerns ; Usa

The three major stock indexes finished the week sh...

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