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Published 1 month ago

Wall Street boasts record closes as inflation data fuels rate-cut bets

  • The S&P 500 and Nasdaq reached record highs due to lower-than-expected inflation data.
  • The Dow Jones Industrial Average surged 350 points with hopes of a September rate cut by the Federal Reserve.
  • Tech companies like Nvidia, Apple, and Microsoft saw gains, and all three major indexes closed at record highs.
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