Good news for Wall Street traders, economic data indicated that price rise was in line with estimates. The Labor Department said consumer prices increased 0.4% in February. The tame inflation data boosted sentiment leading the 30-stock Dow to a record close, the 10 year yield also eased back towards the 1.50% mark
Meanwhile the House Democrats in the US also passed the $1.9 tn stimulus bill that will now be signed by US President Biden. The bill sends $1,400 direct payments to most Americans and their dependents.