8legs: Dow jones industrial average

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Dow Swings Higher to Add 275 Points: Stock Market Today

U.S. stocks closed higher as traders awaited the March CPI and PCE data, with inflation expectations remaining a market driver.
The Dow rose about 0.6% to 48,185, the S&P 500 gained 0.6%, and the Nasdaq added 0.8% in a choppy but positive session.
Amazon surged about 5.6% after CEO Andy Jassy highlighted AI initiatives and design of its own AI chips.
Palantir slid around 7.3% after Michael Burry suggested Anthropic is 'eating Palantir's lunch' in a now-deleted post.
Crude oil settled higher, with front-month WTI up more than 3% to about $97.87 per barrel.
Analysts expect the March CPI to show headline inflation rising 0.8% month over month, with core CPI up 0.2%.
The PCE index for February showed a 0.4% month-over-month rise, with core PCE also up 0.4%.
Amazon's Jassy signaled capex will be monetized over the next two years, boosting AI-driven growth prospects.
Kiplinger highlighted ongoing inflation concerns and energy prices' impact on the upcoming CPI release.
Closing commentary noted geopolitical uncertainty remains, with focus on ceasefire durability and shipping through Hormuz.

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