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Tobacco and tech drag on Wall Street; yields boost banks

NEW YORK Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. | Video

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RPT-Japan March core CPI rises 0.9 pct yr/yr

Japan's core consumer prices rose 0.9 percent in March from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.9 percent annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.5 percent in March from a year ago. (For queries, contact Stanley White at: st

UPDATE 1-U.S. 'junk' bond funds take in most weekly cash since 2016 -Lipper

Investors stormed back into the market for the riskiest corporate debt during the latest week, Lipper data showed on Thursday, pumping the most cash into U.S.-based, high-yield bond funds in over 16 months. The resurgence in demand for high-yield bonds, which carry low credit ratings and are seen as speculative investments, bodes well for stocks still in the early days reporting their quarterly

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