"US Stocks Edge Higher Ahead of Inflation Data and Settlement Agreement"
TL;DR Summary
US stocks edged higher as investors awaited the release of the Consumer Price Index, with the S&P 500 and Nasdaq climbing, while the Dow Jones added points. Fading rate-cut hopes have pushed up the 10-year Treasury yield, and concerns about inflation have been sparked by rising metals prices. Additionally, teens are tightening their spending, with a focus on cosmetics, and the PC industry is showing signs of recovery with growing shipments of desktops and notebooks.
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