U.S. stock indexes fell and Treasury yields rose
on 11th May morning following the release of
inflation data at 8:30 a.m. ET.
May 11 2022
As the report came amid a stretch of high volatility in markets.
The S&P 500 sunk to its lowest level this year 9th May, before swinging wildly and edging up 10th May.
It snapping a three-session losing streak.
The S&P 500 was recently up 0.3%. The Dow Jones Industrial Average was recently up 0.3%.
While the Nasdaq Composite Index was off 0.2%, the last 10-year Treasury yield was recently at 3.010%, up from 2.990% on 10th May.
Investors are keeping eye on the inflation data for clues on the pace of the Federal Reserve's interest-rate rises.
The consumer-price index rose to 8.3% in April, slightly above investors' forecasts, easing for the first time in months this year.
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