Democratic Underground - U.S. stocks climb on mixed signals from inflation data

Reply #27: U.S. stocks climb on mixed signals from inflation data [View All]

54anickel

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Wed Apr-14-04 11:17 AM
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27. U.S. stocks climb on mixed signals from inflation data

http://biz.yahoo.com/cbsm-top/040414/19a5df3b5072c745f74463a84ee6c163_1.html

NEW YORK (CBS.MW) - U.S. stocks were trading higher Wednesday as the latest consumer price report offered further evidence of the current strength of the economy, tempering some of the concern over the likelihood of higher interest rates by the end of the year.

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But the muted sell-off this morning, said Kugel, shows that investors are also sensitive to the fact that the latest data shows the U.S. economy is in robust health.

"But all of these are signs of a very strong economy and there are signs that earnings are going to be quite good in the second quarter as well as the first."

"So when people step back from the day-to-day news, people are going to see that the situation for stocks at least is very good. That's why we're not doing as badly today as I thought we might."

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Reply #27: U.S. stocks climb on mixed signals from inflation data [View All]