Consumer Prices Surge, Markets Climb, Oil Dips

Consumer prices surged at the highest rate in 17 years, inflation rockets, yet stocks show amazing resilience with the DJIA climbing +82.97 to 11615.93, the Nasdaq soared +25.05 to 2453.67 and the S&P 500 added +7.10 to 1292.93.

Ctrip.com (CTRP | Quote | Chart | News | PowerRating) - The Chinese online ticket agency jumped 23.82% or $10.29 to $53.49/share on a 35% profit increase.

Estee Lauder (EL | Quote | Chart | News | PowerRating) soared 14.03% or $6.31 to $51.27 on a 36% 4th quarter profit gain.

Lehman Brothers (LEH | Quote | Chart | News | PowerRating) added 4.05% or .63 cents to $16.20/share after announcing it may spin off an asset management unit.

PMI Group (PMI | Quote | Chart | News | PowerRating) doubled, in price, adding 49.46% or $1.38 to $4.17/share after agreeing to sell its Asian and Australian businesses.

Oil dipped $1.05 to $114.95/barrel, gold dropped $19.90 to $811.60/oz and Natural Gas fell $0.33 to $8.12.

Win up to $10,000 predicting the direction of a stock!