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Why Equity Markets Rose after April’s Inflation Report

Ricky Cove
Why Equity Markets Rose after April’s Inflation Report

US indexes (SPY) are reaching highs as investors ignore possible threats of the US pull-out from the Iran nuclear deal and focus on increasing crude prices. Markets have been driven higher by surging energy company stocks (XLE), which are expected to reap the benefits of higher crude oil prices. On May 10, the Bureau of Labor Statistics’ inflation (TIP) report gave investors another reason to pile on risk, with April inflation growth coming in below expectations, at 0.1%.