US STOCKS-Nasdaq rallies as investors cheer inflation data, Alphabet

April headline CPI rises at an annual rate of 4.9% * Occidental slips as Q1 profit misses estimates * Airbnb drops on weak bookings forecast * Indexes: Dow down 0.09%, S&P 500 up 0.45%, Nasdaq up 1.04% By Carolina Mandl and Shristi Achar A May 10 (Reuters) - 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% in April from a year ago, compared with expectations of a 5% increase,…

by jasonrutledge
27 de dezembro de 2023
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