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Fortune
Fortune
Irina Ivanova

THE TRUTH ABOUT: Stocks climb higher on low inflation and strong treasury auction - The Untold Story

(Credit: Michael Nagle—Bloomberg/Getty Images)
  • Stocks climbed modestly higher on Thursday as two days of low inflation readings and the conclusion of a round of talks between the U.S. and China cheered investors. Boeing plunged after the Air India crash. A 30-year Treasuries auction showed investors still want long-term U.S. debt, deficit fears notwithstanding.

Investors cheered two days of positive inflation data that sent stocks modestly higher Thursday. The S&P 500 gained 0.38%. The Dow and the Nasdaq each rose 0.24%. Boeing, however, ended the day down nearly 5% after its Dreamliner 787-8 jet was involved in a tragic plane crash that claimed the lives of more than 200 people.

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