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Stock market news today: Dow and S&P 500 updates

Stocks rally to new highs
From CNN Business Anneken Tappe
US stocks finished higher on Wednesday, after the Federal Reserve left interest rates unchanged and said it didn’t expect to raise interest rates this year. Fed Chairman Jerome Powell said the central bank expects any increases in inflation over the summer months to be temporary and not concerning for its monetary policy at the moment.
Meanwhile, the Fed also upgraded its consensus outlook with expectations for higher economic growth and lower unemployment.
Stocks jumped in response, and the
Dow closed at a new all-time high and above 33,000 points for the first time ever. The index closed up 0.6%, or 189 points. ....

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Stock market news today: Dow and S&P 500 updates

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So you thought the GameStop saga was over...

So you thought the GameStop saga was over.
From CNN Business Anneken Tappe
Remember GameStop? From last month s madness? If you thought we were done with that chapter of trading, you re not alone.
But little did we know.
As the market is rallying,
GameStop (GME) and other meme stocks haven t been left behind. Shares soared enough more than 41% that the New York Stock Exchange had to briefly halt their trading.
GameStop s peak today was $348.50, just above its record closing high from late January. And then it fell again, down nearly 20% midday. Phew.
Why s the market up today? This morning s consumer price report soothed investors worries about a sudden inflation spike. Instead the market has time to focus on good news, like the stimulus package passed over the weekend. ....

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Stock market news today: Dow and S&P 500 updates

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