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US market today: Stocks edge toward record highs after wholesale inflation data; strong bank earnings and tariff reprieve lift investors mood
US stock indices experienced gains on Wednesday following a promising wholesale inflation report, fueling anticipation that the Federal Reserve might consider resuming interest rate cuts later this year. The S&P 500 neared its all-time high, while the Dow Jones Industrial Average also saw an increase. Bank shares, particularly PNC Financial Services, contributed significantly to the positive market performance.
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