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Stocks soar, S&P 500 hits highest level in three months after key report shows slowdown in inflation

Summary by Ground News
The S&P 500 closed above 4,200 for the first time since May 4. The Dow Jones Industrial Average also exited correction territory. The Nasdaq Composite advanced 360.88 points, or 2.9%, to 12,854.80. A bear market is typically a drop of 20% or more from a recent high.
2 months ago·New York, United States

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CNNCNN

Stock market news today: Dow and S&P 500 updates

Here's the latest news on what stocks are doing.

2 months ago·Atlanta, United States
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CNBCCNBC

Stocks soar, S&P 500 hits highest level in three months after key report shows slowdown in inflation

The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.

2 months ago·United States
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Business InsiderBusiness Insider

Dow jumps more than 500 points as cooling July inflation drives hopes for a Fed 'pivot'

Inflation cooled to 8.5% in July but it remains at levels still too hot for the Federal Reserve's liking.

2 months ago·United States
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Star TribuneStar Tribune

Wall Street hits 3-month high as inflation cools

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July. The S&P 500 jumped 2.1% Wednesday on expectations that slower inflation will mean the Federal Reserve won't hike interest rates as much as feared.

2 months ago·Minneapolis, United States
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MarketWatchMarketWatch

U.S. stocks close at highest level since May as Nasdaq exits bear-market territory

After four days in the red, U.S. stocks closed on Wednesday at their highest levels since early May following a July inflation report that came in slightly...

2 months ago·United States
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The Detroit NewsThe Detroit News

Wall Street hits 3-month high as inflation cools

Stocks are closing at three-month highs on Wall Street as investors cheered a report showing inflation cooled more than expected in July.

2 months ago·Detroit, United States
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Bias Distribution

50% of the sources lean Left
CNN
Business Insider
Star Tribune
Las Vegas Sun
Connecticut Post
The Daily Star
The Herald
+1
CNBC
MarketWatch
The Detroit News
macon.com
Fox Business
Investor's Business Daily
Zero Hedge
L 50%
C 29%
R 21%
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