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S&P hits record high as stocks rise on inflation data
The S&P 500 index rose to a record high Tuesday as July inflation data raised Wall Street's hopes for rate cuts.
The S&P 500 closed 1.1 percent higher, rising more than 70 points to close at a record high of 6,445.8. The Dow Jones Industrial Average and Nasdaq composite also rallied by 1.1 percent and 1.4 percent, respectively.
Stocks rallied after the Bureau of Labor Statistics released new consumer price index (CPI)........
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