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U.S. stocks rally on Wed. after fresh data show inflation steadying Updated: 2022-08-11 11:50:31 KST

And Wall Street reacted favorably to news about slowing inflation in the U.S.
Markets rose sharply amid hope that the Federal Reserve may ease its monetary tightening campaign to rein in consumer prices.
The Dow Jones Industrial Average jumped over 5-hundred-30-points while the S&P 500 gained over 2-percent to hit its highest level since early May.
The Nasdaq saw its best close since late April.
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