US inflation data lifts global equities; dollar falls
Government
The S&P 500 and the Nasdaq closed higher for a second straight day. NEW YORK: The dollar fell and major US stock indexes rose on Tuesday (May 13) on news that US consumer inflation picked up less than expected in April when President Donald Trump unveiled a raft of tariffs that have wreaked havoc on global markets. European shares edged higher for a fourth straight session, and global equities also gained. Crude oil prices rose, boosted by a temporary cut in US-China tariffs . The US and China
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