Stock Market Today: Economic Data, Earnings Fuel Stock Surge
by Karee Venema
Oct 14, 2021
2 minutes
Investors were cheered with a plethora of pleasant surprises Thursday, sparking a widespread rally that saw every sector close well in the green.
Kicking things off was the latest producer price index – a measure of how much suppliers are charging businesses and other customers for their goods – which rose 0.5% last month. This was slower than the 0.7% rise in August and also below the 0.6% increase economists were expecting.
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