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The Guardian - UK
The Guardian - UK
Business
Phillip Inman and Julia Kollewe

Stock markets hit record highs after news of a fall in US inflation

United States Inflation James Knightley US Federal Reserve
A man working at the New York stock exchange
The S&P 500 soared above 5,750. Photograph: Xinhua/REX/Shutterstock

A fall in US inflation expected to pave the way for further cuts in interest rates pushed stock markets to record highs on Friday.

Ending a week of gains that began when the Chinese authorities approved a huge economic stimulus package, the S&P 500 index of major US companies soared above 5,750 to register a near 34% gain on a year ago.

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