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Wall Street rallies despite inflation pressures
U.S. stocks closed at record highs after August inflation data met expectations, bolstering hopes for a Fed rate cut in September. The Dow jumped 617 points (1.36%) to 46,108, topping 46,000 for the first time—a symbolic milestone reflecting the market’s resilience despite economic headwinds. The S&P 500 gained 0.85% and the Nasdaq rose 0. ...
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