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International Business Times
International Business Times
Business

A Tame Inflation Read Reinforced Bets That The Fed Won't Hike. Stocks Rose.

Inflation the Federal Reserve US Federal Reserve Beth Hammack
Stocks are largely rising on Wednesday after a tame inflation report, which reinforced bets that the Federal Reserve will keep rates unchanged in its next meeting. (Credit: AFP)

Stocks mostly rose on Wednesday after a tame inflation report, which reinforced bets that the Federal Reserve will keep rates unchanged in its next meeting.

The Dow Jones Industrial Average edged down, while the S&P 500 gained 0.26%. The tech-heavy Nasdaq Composite overperformed, climbing 0.54%. Tech companies led the session, including Nvidia, Micron and Sandisk.

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