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U.S. stocks rose with S&P 500 hitting record high after tame Producer Price Index data eased inflation and rate-hike fears. Dow gained 0.13%, near record highs, amid quiet summer trading.
Nasdaq fell 0.6% amid thin summer trading, narrow index moves, and tightening Treasury yields. Investors await tomorrow's CPI report for further market direction.
Stocks reversed early gains despite peace talk optimism between US and Iran that lowered Brent crude. Major index stuck near 7500 for six weeks, hitting monthly lows as summer rally attempts fail ahe…
Tech stocks dragged markets lower to close the week, echoing a summer pattern. Strong insurance earnings helped limit losses in the Dow Jones Industrial Average, cushioning broader market declines.