Wall Street’s gloom lifts as markets catch a ray of light

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Good morning. Spring is often a good time to sell a house. But amid DOGE’s sweeping budget cuts, this year could be completely different — if buyers realize how much leverage they have.

In today’s big story, the markets finally have a glimmer of hope.

What’s on deck

Markets: Want to work at Balyasny? Get ready to pitch some stocks.

Tech: The streaming wars are over. The rich won.

Business: Harvard has a high-stakes strategy to fend off Trump.

But first, hope at last!


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a shopping cart with dollar bill against stock market background.
Getty; Chelsea Jia Feng/BI

It came in the form of the latest inflation data.

After being dealt blow after blow amid President Donald Trump’s trade war, markets finally found a reason to rise.

The consumer price index rose 0.2%, showing that prices cooled slightly more last month than economists had…

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