advaita schreef:
NEW YORK, Nov 14 (Reuters) - U.S. stocks rose on Tuesday, sending the Dow Jones industrial average to an all-time high, as Wal-Mart Stores Inc's (WMT.N: Quote, Profile, Research) stronger-than-expected profit and its plan for more price cuts boosted optimism about holiday spending. For more details, see [ID:nWNAS3403]
Investors also drew comfort from a government report that showed the core U.S. Producer Price Index, stripping out food and energy costs, took its sharpest tumble in more than 13 years in October. For details see [ID:nN09284431] The data reduced concerns about inflation and reinforced expectations that the Fed will keep interest rates steady, while some believed the weak PPI reading increased the chances of a rate cut sometime next year.
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