Stocks ended a choppy session higher, eking out a fresh record high. Mark Luschini, Chief Investment Strategist at Janney Montgomery Scott and Jimmy Lee, The Wealth Consulting Group CEO joined Yahoo Finance Live to discuss.
US Treasuries were on course for their best week in a year heading into the New York afternoon on Friday, as investors shrugged off the highest inflation rate since 2008 to pile into government debt. The benchmark yield on the 10-year Treasury note fell by 0.09 percentage points to 1.47 per cent, notching its largest weekly decline since June last year. The move has been propelled by declining inflation expectations.
Stocks rose Thursday as traders digested a key print on inflation, which showed consumer prices rose faster than expected as demand surged during the recovery. Sameer Samana, Wells Fargo Investment Institute Senior Global Market Strategist, and Chris Retzler - Needham Small Cap Growth Fund PM joined Yahoo Finance Live to discuss.