Nasdaq rallies as investors cheer inflation data, Alphabet

The Nasdaq ended Wednesday at its highest intraday level in more than eight months, boosted by a slightly lower-than-expected increase in April inflation and Alphabet Inc’s latest artificial intelligence rollout. The Labor Department’s Consumer Price Index (CPI) rose 4.9 percent in April from a year ago, compared with expectations of a 5-percent increase, raising hopes that the … Continue reading Nasdaq rallies as investors cheer inflation data, Alphabet