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US stocks surge amid mixed data, upbeat earnings

US stocks surge amid mixed data, upbeat earnings

 US stocks posted solid gains on Thursday, as Wall Street assessed mixed economic data and positive earnings reports from big banks.

US consumer prices dip 0.4% in April

The US consumer price index dropped 0.4 percent in April, bring the 12-month inflation rate down to 1.1 percent, the Bureau of Labor Statistics said Thursday.