Markets Extend Rally

Slowing inflation eased worries of future interest rate hikes which would otherwise curb economic growth. Bonds rallied while oil prices fell amid the ceasefire in Lebanon. The Dow extended its rally with a 58 point gain to 11,288 while Nasdaq added 19 points to 2134. S&P 500 rose 6 points to 1291. The 30-year bond climbed as the yield eased to 5.002%.