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Barchart
Barchart
Rich Asplund

Stocks Finish Mostly Higher as Tame CPI Bolsters Fed Rate Cut Hopes

US Federal Reserve United States Powell Inflation ECB RH

The S&P 500 Index ($SPX) (SPY) Wednesday closed up +0.85%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.33%.

Stock indexes Wednesday settled mixed, with the S&P 500 and Nasdaq 100 posting new record highs.  Stocks rose as bond yields fell on signs that inflation is cooling.  The US May CPI report rose less than expected, bolstering expectations that the Fed will be able to cut interest rates later this year.

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