U.S. stocks rose intraday, as fears of runaway inflation abated to help send the Dow Jones Industrial Average higher for a sixth consecutive session. The Dow rose 197 points to near its longest winning streak since February, as investors got another sign that inflation may be rising, but not so rapidly that the Federal Reserve would have to take aggressive actions to keep the economy from overheating. New Labor Department data indicated U.S. consumer prices rose less than expected in April and followed last Friday's unemployment report that showed wage growth remains sluggish, alleviating some recent worries and removing a major hurdle for the Dow and other indexes to move higher. The volatility that rocked the stock market this year and sent major indexes into correction territory has gradually faded, giving some money managers hope that stocks are gaining some upward momentum. A key measure of expected market swings, the Cboe Volatility Index, or VIX, has fallen six straight trading sessions, settling near levels that were last seen in early January, when stocks were in so-called melt-up mode following the passage of Republicans' tax overhaul. The U.S gold price rose 0.7% to 1,321.2 US$/Oz.
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