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nasdaq: Wall St rallies; Nasdaq hits 40-yr milestone, Apple scales $3 trillion

Wall Street s major indexes closed higher on Friday, with the Nasdaq experiencing its biggest first-half gain in 40 years. Apple reached a market valuation of $3 trillion, while investors reacted positively to signs of cooling U.S. inflation. The Dow Jones, S&P 500, and Nasdaq Composite all registered gains. Technology stocks led the charge, with Microsoft, Nvidia, Amazon, and Meta Platforms also making significant gains. Small-cap stocks also attracted attention, with the Russell 2000 index recording its longest winning streak since early March. The US economy s strength and cooling inflation have boosted confidence in the Federal Reserve s ability to manage monetary policy. ....

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Equities gain as investors look for cooler US inflation, Fed 'pause'

Investors will be closely monitoring US consumer price index and producer price index data for a reading of how well the Federal Reserve's tightening cycle has managed to curb high inflation ....

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