Nasdaq Jumps 2% After Signs of Easing Inflation

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U.S. stocks and gold prices rose Thursday after data showed U.S. producer prices unexpectedly fell in March, adding to optimism that inflation is easing.

The S&P 500 gained 54.27 points, or 1.3%, to 4146.22, while the Dow Jones Industrial Average rose 383.19 points, or 1.1%, to 34029.69. The tech-heavy Nasdaq Composite rose 236.93 points, or 2%, to 12166.27.

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