U.S. Equities Rise, Yields Steady After CPI: Markets Wrap

(Bloomberg) — U.S. equities rose and government bonds held around the lowest level since March as investors assessed data that showed consumer prices rose more than forecast last month.

The S&P 500 was trading around its all-time high as all the main American equity indexes advanced. The tech-heavy Nasdaq 100 was headed toward its highest level since late April as megacap technology stocks rallied. The 10-year Treasury yield eased back below 1.5% following an initial surge in the wake of the…

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