U.S. stocks rally on tamer-than-expected consumer prices

11:41 am ET Jun 15, 2007

DJIA

13,659

+105.76

S&P

1,535

+12.03

NASDAQ

2,624

+25.52

10Yr

5.18%

-0.035

U.S. stocks rally on tamer-than-expected consumer prices

NEW YORK
U.S. stocks rallied Friday, as investors cheered news that core consumer
prices were weaker-than-expected in May, helping bond yields to fall
further.
Economic Report: CPI running hot, but core remains cool

WASHINGTON
Higher energy prices drove the U.S. consumer price index up by 0.7% in
May, its largest increase since Hurricane Katrina and the second largest
in 16 years, the Labor Department reported Friday.