Shares of power producers rallied as Treasury yields slipped.
Initial trepidation about the Federal Reserve's policy plans gave way to optimism, causing Treasury yields to give back their Wednesday gains. Inflation and rate fears may soon return, however.
The personal consumption expenditure price index rose 3.5% in March.
"Durable goods inflation has gone from deflationary to inflationary since May 2025 and continues to accelerate, while non-durable goods inflation jumped as rising energy costs worked their way through the report," said Bret Kenwell, investment analyst at online brokerage eToro, in e-mailed commentary.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-30-26 1746ET
