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Stocks Rally as Cool CPI Data Eases Fed Rate Hike Fears

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

News Summary

  • US stocks rose after July CPI matched forecasts, easing Fed rate-hike fears.
  • Nasdaq and S&P 500 gained while semiconductors like Nvidia rallied.
  • Alphabet restructured its DeepMind unit to boost AI competitiveness.
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NVDA price history

218.29 +19.87% over the displayed period

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