Stocks React to Inflation Data: Winners and Losers Emerge
TL;DR Summary
The consumer price index rose just 0.1% in March, lower than expected, causing Treasury yields to drop. CNBC Pro screened for Nasdaq-100 stocks that are correlated to the iShares 1-3 Year Treasury Bond ETF and found Illumina, Xcel Energy, Seagen, American Electric Power, and Amgen to be the most correlated to falling rates. If inflation falls and short-term rates decline, these stocks could see gains.
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