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Wall Street closes up on inflation data

Wall Street closed higher on Friday as signs that inflation might have peaked last month increased investor confidence that a bull market could be under way, spurring the S&P 500 and the NASDAQ to post their fourth straight week of gains. The S&P 500 is up 17.7 percent from a mid-June low, with the latest gains coming from data this week showing a slower-than-expected rise in the consumer price index and a surprise drop in producer prices last month. The S&P 500 crossed a closely wat...
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