The Dow and the S&P 500 both rose by more than 0.60% today with the NASDAQ lagging a bit at +0.45% on the session.

We closed the week with a decidedly risk-off day. Worldwide, equities reflect this sentiment best.

The posture began in Asia where China’s economy met GDP expectations. However, neither Hong Kong, nor Shanghai, nor Tokyo was much impressed.

The U.S. consumer price index gained just 0.1% in March as a drop in the cost of food partly offset a reasonably robust rebound in gasoline prices. That gives rise to speculation that the Fed will not raise interest rates.