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- US stocks climbed Thursday as investors took in new economic data that pointed to cooling inflation.
- Thursday data showed the March producer price index declined 0.5% month-over-month, more than expected.
- Weekly jobless claims came in higher than expected, at 239,000.
US stocks ticked higher Thursday following more economic data that pointed to cooling inflation and a softer labor market.
On Thursday, the March producer price index declined by 0.5% month-over-month, while economists had expected the measure to remain flat. That followed Wednesday's lower-than-expected reading on consumer prices.
Weekly jobless claims, meanwhile, came in at 239,00 for the week that ended April 8, above views for 235,000.