US stocks climb as fresh signs point to cooling inflation and a softer labor market
US stocks ticked higher Thursday following more economic data that pointed to cooling inflation and a softer labor market.
On Thursday, the March producer price index declined by 0.5% month-over-month, while economists had expected the measure to remain flat. That followed Wednesday’s lower-than-expected reading on consumer prices.
Weekly jobless claims, meanwhile, came in at 239,00 for the week that ended April 8, above views for 235,000.
Read more here: https://markets.businessinsider.com/news/stocks/stock-market-news-today-ppi-cooling-inflation-data-jobless-claims-2023-4