Growth Stocks Grow | JPM Missed | DAL Takes Flight | More Inflation w/ PPI | EPS118
The S&P 500 rose 1.1% on Wednesday in a relatively broad-based advance led by growth stocks. The Dow Jones Industrial Average gained 1.0%, while the Nasdaq Composite outperformed with a 2.0% gain, and the Russell 2000 in a close second place gaining 1.9%.
Investors assumed a dip-buying mindset, undeterred by a larger than expected 1.4% m/m increase in the Producer Price Index (PPI) for March.
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