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Stocks Rally on Softer Inflation and Strong Earning

                                      U.S. stocks surged in premarket trading today following softer-than-expected inflation data and upbeat fourth-quarter earnings reports from major companies. The Bureau of Labor Statistics reported that core inflation, which excludes food and energy prices, rose by 3.2% in December, below forecasts for a 3.3% annual increase. This news has raised hopes for a potential second rate cut by the Federal Reserve this year. Investors were also buoyed by strong earnings reports from leading financial institutions. JPMorgan Chase reported its highest annual profit on record, while BlackRock and Goldman Sachs posted impressive quarterly results. The positive sentiment was reflected in the stock market, with U.S. stock index futures soaring by 1.5-1.7%. The dollar fell by 0.5% against a basket of major currencies, and U.S. Treasury yields dropped 8.6 basis points to 4...
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Stock Market Today: S&P 500 and Dow Jones Industrial Average Reach New Heights



The stock market today has been on a roll, with the S&P 500 and Dow Jones Industrial Average both reaching new heights. The S&P 500 index gained 0.2% after the index notched its first record close since January 2022 on Friday. 

The Dow Jones Industrial Average added as much as 0.7% to touch a fresh intraday high before paring some of those gains. The market rally continues as investors become more upbeat about the health of the economy and look to coming earnings for signs of an AI boom for techs. 

The Federal Reserve officials whose comments have buffeted stocks will stay quiet ahead of policymakers’ next meeting on Jan. 30. Quarterly results from the likes of Netflix and Tesla later this week will be closely watched, as how tech earnings perform could well indicate where the market heads in the short term.


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