S&P hits record, US stocks up on inflation data
Wall Street stocks advanced on Thursday with the S&P 500 finishing at a fresh record as investors welcomed further signs of easing US inflation while oil prices pulled back. The Producer Price Index in July was flat on a month-on-month basis, while it rose 4.7 percent from a year ago, down from a 5.5 percent increase in June. The reading, which followed a benign consumer inflation reading on…
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