Wall Street posts fourth straight day of gains ahead of CPI report

Wall Street posts fourth straight day of gains ahead of CPI report

Sign up now for FREE unlimited access to Reuters.com Register Headline CPI fell on Tuesday Bristol Myers Rises on FDA Approval for Psoriasis Drug Twitter says Musk’s latest attempt to cancel the deal is invalid Indexes rose: Dow 0.71%, S&P 1.06%, Nasdaq 1.27% NEW YORK, Sept 12 (Reuters) – Wall Street extended its winning streak…

Stock market investors cheered by July inflation data.  Big firms like Pimco and BlackRock aren’t so sure.

Stock market investors cheered by July inflation data. Big firms like Pimco and BlackRock aren’t so sure.

Wednesday’s release of the Consumer Price Index report for July contained enough negative surprises to give stock investors hope that the worst of inflation may be behind us. Still, an undercurrent of concern persisted at big-name companies like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison…