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The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.5% on Thursday morning after the Labor Department reported a 5% increase in the consumer price index in the month of May, the fastest inflation growth since the summer of 2008. What Happened: The headline CPI index rose 5% in May, exceeding economist estimates of 4.7% and marking the highest growth rate since the CPI gained 5.3% in August 2008, just prior to the financial crisis.
...read full article on Benzinga
