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Evening Market Recap - Wednesday, 11-Sep
Manage episode 439418470 series 2964054
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US equities were higher in Wednesday trading, ending at best levels as the market reversed some morning post-CPI weakness, with the Dow Jones, S&P500, and Nasdaq closing up 31bps, 107bps, and 217bps respectively. August headline CPI was largely in line, up +2.5% y/y, while monthly core was hotter with shelter prices the significant component of the core rise and airline fares higher after five months of declines. Today's $39B 10Y Treasury auction stopped through, following a strong 3-year note auction on Tuesday.
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