Stocks End Higher on Inflation Data

A lower than expected increase in consumer prices, strength in retail stocks and an easing of credit conditions pushed equities higher Wednesday

Stocks finished higher Wednesday, though off the session's best levels, with financial, telecom, semiconductor, biotech, and cyclical issues helping lead the way. Investors appeared to be encouraged by a lower-than-expected rise in the consumer price index (CPI) in April and strength in retail stocks, which were pulled up by better than expected earnings from Macy's Inc. (M).

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