The S&P 500 was 0.7% higher following back-to-back losses driven by worries about the economic collateral damage. Consumer prices were 8.5% higher in March than a year earlier, accelerating from February’s 7.9% inflation rate and the highest since 1981. The Dow Jones Industrial Average was up 166 points, or 0.5%, at 34,470, as of 12:22 p.m. Eastern time. Technology and other high-growth stocks that have been some the stock market’s biggest recent winners have been in the spotlight in particular. More swings may be in store for stocks as companies prepare to report their earnings for the first three months of the year. Earnings were able to stay at record levels . . .
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