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S&P 500 Hits Record High On Strong CPI Inflation Reading

Topline The S&P 500 stock index hit a new all-time high Wednesday, as investors welcomed a key report which revealed inflation was softer than expected in April, boosting hopes for lower interest rates which would be friendly for stocks. Key Facts The yardstick S&P rose as much as 0.6% to 5,279.26 shortly after market open

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