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Stock Market Live: Stocks End Higher With Inflation In Focus; FAA System Failure Grounds Flights
Stocks extended gains Wednesday, while Treasury yields steadied and the dollar slipped against its global peers, as investors look to inflation data and bank earnings later this week to consolidate Wall Street’s early year gains. Stocks ended higher Tuesday, lead by solid gains in the tech space, as Treasury yields retreated following a speech from Federal Reserve Chairman Jerome Powell in Stockholm that sidestepped the issue of near-term rate hikes and made only a tangential nod to domestic monetary policy. Powell’s decision not to lean against market expectations of slower Fed rate cuts, whether by chance or design, was taken as a bullish signal for stock markets that have become increasingly sensitive to headline central bank risk.
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