Stock Market Today – 6/9: Stocks Edge Higher With Inflation In Focus; Oil Holds at $122 Per Barrel

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The Street

By Martin Baccardax Record high gas prices and surging energy costs could keep inflation levels elevated over the coming months as stocks look cautiously to tomorrow’s crucial May CPI reading. U.S. equity futures edged cautiously higher Thursday as investors picked through a mixed set of headlines from China and eyed a key interest rate decision from the European Central Bank ahead of tomorrow’s crucial inflation reading. A big rebound in China exports, which soared nearly 17% from last year in the month of May as factories roared back to life following the easing of Covid restrictions, was te…

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