Markets soar as inflation fears ease

Weak wage growth tempered inflation fears to send the markets soaring to close sharply higher with the Dow rocketing 332 points to 24,262. Nasdaq leaped 121 points to 7209.

On the upside

First quarter earnings surged for Commercial Vehicle Group (Nasdaq: CVGI) as revenue climbed.

Shares of Carbon Black (Nasdaq: CBLK) soared in its market debut.

Natural Grocers by Vitamin Cottage (NYSE: NGVC) reported higher second quarter earnings and revenue and lifted its 2018 guidance for daily average comparable stores sales growth.

On the downside

Basic Energy Services (NYSE: BAS) widened first quarter losses more than expected as revenue slipped.

Adverum Biotechnologies (Nasdaq: ADVM) president and chief executive officer Amber Salzman, Ph.D has departed the company.

Gogo (Nasdaq: GOGO) reported a loss for the first quarter.

In the broad market, advancing issues outpaced decliners by a margin of more than 3 to 1 on the NYSE and by more than 5 to 2 on Nasdaq. The broader S&P 500 surged 33 points to 2,663. Bitcoin gained $48 to $9,703.

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