S&P 500 Hits Record as Inflation View Turns Iffy: Markets Wrap
- U.S. consumer price index unchanged in June following decline
- June retail sales weak, fell for second month in a row
Geoff Lewis, senior Asia strategist at Manulife Asset Management, discusses the rally in equities and his outlook for the second half of the year. He speaks on 'Bloomberg Markets: Asia.' (Source: Bloomberg)
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U.S. stocks and bonds rallied Friday, with both the S&P 500 Index and Dow Jones Industrial Average reaching new highs, as U.S. inflation data came in short of Federal Reserve expectations, spotlighting the concerns of some central bankers about additional interest rate hikes.