© Agawa288 bearbull stock market
© Agawa288

SEEKING ALPHA reports:

Stock index futures are soaring Thursday as core and headline consumer inflation rose less than expected.

Nasdaq 100 futures (NDX:IND) +4.2%, S&P futures (SPX) +3.1% and Dow futures (INDU) +2.4% jumped right after the numbers.

Rates are tumbling. The 10-year Treasury yield (US10Y) is down 17 basis points to 3.98%. The 2-year yield (US2Y) is down 18 basis points at 4.45%. The dollar index (DXY) is down 1.2%.

After several hotter-than-expected CPI reports, stock and bond markets were clearly positioning for continued disappointing inflation news. Fed funds ...

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