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Gains for retailers push S&P 500 higher; rates rise

“Treasury yields, meanwhile, rose after a key measure of inflation rose more last month than economists expected” reports foxbusiness.com. Rising retailers pushed U.S. stock indexes further into record territory on Friday, as the market’s fabulous start to 2018 carried through its second week.The numbers fit with what individual retailers have said recently, and several have raised their profit forecasts as a result.Interest rates also climbed after a report showed that a key component of inflation accelerated last month.
 
Source: foxbusiness.com



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