Nasdaq Jumps 2% After More Inflation Data

Investors parse mixed signals about the economy and the path for interest rates

U.S. stocks and gold prices rose Thursday after data showed U.S. producer prices unexpectedly fell in March, adding to optimism that inflation is easing.

The S&P 500 gained 54.27 points, or 1.3%, to 4146.22, while the Dow Jones Industrial Average rose 383.19 points, or 1.1%, to 34029.69. The tech-heavy Nasdaq Composite rose 236.93 points, or 2%, to 12166.27.

Of the 11 sectors in the S&P 500, 10 finished in the green. Only the real-estate sector declined.

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