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The Dow Jones Industrial Average was down 0.6% at 47,916.
The March CPI rose 0.9% monthly and 3.3% annually, exceeding economists' expectations.
KEY POINTS
- Energy prices, especially gasoline, accounted for nearly three quarters of the monthly CPI increase.
- Oil prices fell over 13% this week after the U.S. and Iran announced a two-week ceasefire.
- Organon shares surged 28% after Sun Pharmaceutical Industries offered to acquire it for $12 billion.
- Nvidia achieved its longest daily win streak since November 2023, rising for eight consecutive sessions.
COMPANIES
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