Nasdaq posts record one day point gain rally
Nasdaq surged 103.18 points to 2517.85 led by Oracle in a broad market rally after the Labor Department inflation report showed May consumer prices rose 0.1 percent excluding energy and food. Dow up 189.96 to 10784.95 and S P 500 climbs 29.25 to 1330.41 as investors priced Fed action.
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Consumer prices steady in May as inflation jitters linger
Washington AP reports May CPI held flat with energy declines offsetting higher food costs. Core prices rose a modest 0.1 percent as clothing and auto prices fell, leaving inflation concerns intact and sparking talk of possible Fed rate moves.
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