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S&P 500 IXIC Hit Record Highs Amid Hot Inflation Data and Fed Leadership Shift

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • S&P 500 and Nasdaq hit record highs despite hotter-than-expected U.S.
  • producer price inflation data raising rate-cut concerns.
  • Communication services and tech led gains while utilities declined.
  • Dollar strengthened as geopolitical tensions persist.
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