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US Stocks Start Fed Week Higher as CPI Data Loom: Markets Wrap

  • US Treasuries ended Monday lower; the dollar advanced
  • Rate decisions from the ECB, BOE are also due this week
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Markets Don’t Have to Make New Lows on Earnings: RBC’s CalvasinaSource: Bloomberg
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US stocks advanced with investors gearing up for Tuesday’s reading on consumer prices. US Treasuries ended Monday lower, erasing earlier gains.

The S&P 500 jumped 1.4% and the tech-heavy Nasdaq 100 climbed 1.2%. Treasury yields rose, with the 10-year rate around 3.61%. The dollar advanced.