Stocks Climb Despite Inflation Data

The Dow returned to positive territory for 2006, while the Nasdaq broke an eight-day losing streak. But a key inflation indicator rose more than expected

Stocks got a reprieve from their recent woes Wednesday, finishing broadly higher despite a surprisingly firm reading on consumer inflation. The gains reflected bargain-hunting and a sense that rising interest rates were already priced into the market, says Standard & Poor's Equity Research.

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