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Stocks near records as inflation slows and shares rise
U S stocks edged toward records with the S P 500 at 5 631 22 up 0 3 percent and the Dow at 40 211 72 gaining 0 5 percent. Traders cited easing inflation and expectations the Fed will cut rates, with JPMorgan Chase and Goldman Sachs among leaders and Bitcoin trading above 63 000. Powell said a rate cut is possible later in the year, while inflation readings continue to show cooling pressure.
MENTIONED IN THIS ARTICLE
New York
U.S
Wall Street
Federal Reserve
Donald Trump
Trump Media & Technology Group
Trump
Ronald Regan
Isaac Boltanksy
BTIG
Treasury
Joe Biden
Jpmorgan Chase
S&p
Washington
Jerome Powell
Fed
Powell
Economic Club of Washington
Mary Daly
San Francisco
Daly
Musk
Tesla
U.S. National Highway Traffic Safety Administration
Austin
Texas
Mutua
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Baird AggrgateBdlasts
Dodge & Cox Incl
Dodge & Cox Stil
Fidelity
Fidelity BC Growth
Fidelity Contrafund
Fidelity Globalexusidx
Fidelity Group
Fidelity TiMktIdxinsPrm
Schwab
Vanguard
Vanguard Insidxins
Vanguard InsidxInsPlus
Vanguard PrmCpAdmrl
Vanguard Tibmidxadmit
Doe
SEC
The
Associated Press