Story Stocks

Honolulu Star-Advertiser - - BUSINESS -

Stocks closed higher Wed­nes­day for the fourth day in a row, with tech­nol­ogy and banks ac­count­ing for a big slice of the mar­ket’s gains. Stocks re­cov­ered from an early stum­ble af­ter the govern­ment said con­sumer prices climbed in Jan­uary at a faster pace than econ­o­mists ex­pected. Bond yields, which rose fol­low­ing the in­fla­tion re­port, helped lift banks shares. Con­sumer-fo­cused com­pa­nies and health care stocks also posted solid gains de­spite a re­port show­ing Amer­i­cans cut back on pur­chases of cars, fur­ni­ture and a va­ri­ety of other prod­ucts in Jan­uary. Util­i­ties and other bond proxy stocks lagged.

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