Slowing inflation elicited only a muted response from markets, suggesting that investors are preoccupied with other concerns.
, according to Fundstrat's co-founder Tom Lee, who cited those companies' lack of competition, sustained demand from consumers and strong prospects of future profit.The consumer price index for April showed that inflation in the U.S. is moderating. But the topic that dominated markets last year seemed to have elicited only a muted response yesterday, suggesting that investors are preoccupied with other concerns.predicted that the S&P 500 would rise between 1% to 1.
on that better-than-expected number. Yet the S&P added only 0.45% and the Dow Jones Industrial Average remained mostly flat. Only the Nasdaq Composite posted a more substantial gain at 1.04%, reflecting its tech-heavy composition which is more sensitive to interest rates.
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