US stocks bounce back Summary: Despite another hotter-than-forecasted April inflation reading, investors’ risk appetite returned with a vengeance. Indices surged while the VIX slumped and US rates largely held steady. Animal spirits may have gotten a lift from news that the Colonial Pipeline had begun the restarting process as of last evening. Many commodity prices retreated, which also helped overall sentiment to some degree. Bitcoin pared some of its overnight losses brought on by Tesla CEO’s suspension of vehicle purchases paid with bitcoin, citing environmental concerns with cryptocurrency mining.