Stocks Jump as Bank Stocks Rebound and U.S. Consumer Prices Ease

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What you need to know… The S&P 500 Index ($SPX) (SPY) today is up +1.67%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.14%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.83%. U.S. stock indexes this morning are sharply higher as bank stocks rally on hopes that the worst of the banking sector turmoil has passed. Stock indexes maintained their gains after the pace of U.S. Feb consumer prices eased and came in right on expectations. Fed fund futures have now priced a 25 bp rate hike at next week’s FOMC meeting. U.S. Feb CPI rose +0.4% m/m and +6.0% y/y, right on expectations, with the…

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