U.S Market Update |
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- Stocks are rallying in early trading, spurred on by a stronger USD and falling crude prices. Indices seemed to be ignoring the gloomy CPI data out this morning that showed inflation responding to the rising price of oil and other commodities. After five trading days of declines, LCC+16% was soaring after reporting yesterday that it would cut capacity by up to 8%, let 1,700 employees go and charge $15 for the first checked bag; falling crude and an upgrade at Merrill Lynch also helped. Oil is
Filed under: Fundamental
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